Equities Rally on Rate Cut Bets as Tech Giants Drive Pre-Market Action
U.S. futures edged higher amid mounting speculation of a December rate cut, with Nasdaq 100 (NDX) leading gains at +0.29%. The momentum follows Tuesday’s broad-based rally across all major indices—a rare pre-holiday surge fueled by algorithmic trading and thin liquidity.
Alphabet (GOOGL) extended its upward trajectory in pre-market trading after Meta Platforms (META) revealed plans to deploy Google’s tensor processing units (TPUs) in data centers by 2027. The deal signals escalating infrastructure wars in the AI sector, though chipmaker Nvidia (NVDA) saw muted reaction with a 0.35% dip.
Dell Technologies (DELL) surged 5.3% on robust AI-driven guidance, while Li Auto (LI) bucked the trend with a 2.7% decline. Market participants await Friday’s early close with muted volatility expectations.