Wall Street ends higher on tech rebound, rising rate cut bets

Wall Street ends higher on tech rebound, rising rate cut bets

By Stephen Culp

Mon November 24, 2025 4:16 PM

The indexes went straight up today when a slew of new government data showed a weakening labor market and spiking inflation, igniting new hopes that there may very well be a December rate cut. Several Fed officials donning more dovish positions very much encouraged this speculation and shot the odds up to 85% vs 42 a week ago. A good deal more data coming later this week.  

Q3 is wrapping up with 95% reporting and 83% beating estimates while earnings growth is now at 14.7% vs 8.8 in early October. Critical will be consumer spending data as the consumer supports 70% of the economy and data will be parsed for signs of weakness and increased layoffs. The really good news is that holidays are expected to top a record-breaking $1T for the first time. Volume came in at 18.3 billion vs a 19.9 average, so the market is starting with a bang on this holiday-shortened week.  

DJ: 46,245.41  +493.15        NAS: 22,273.08  +195.04        S&P: 6,602.99  +64.23      11/21

DJ: 46,448.27  +202.86        NAS: 22,872.01  +598.92        S&P: 6,705.12  +102.13         11/24

Mon 11-24-25 4:16 pm Wall Street ends higher on tech rebound, rising rate cut bets | Reuters