Overview
- The S&P 500 rose 0.7% to 6,812.61, the Dow added 0.7% to 47,427.12, and the Nasdaq gained 0.8% to 23,214.69 for a fourth straight advance.
- Nvidia, Microsoft and Broadcom were among the key drivers, with financials also posting gains.
- Robinhood surged 10.9% after announcing plans to expand its prediction-markets business with a new exchange.
- CME FedWatch showed roughly an 85% probability of a 25-basis-point cut in December, while the Fed’s Beige Book left those expectations largely unchanged.
- Sector moves were mixed as utilities led and communication services lagged, with Dell up 5.8%, Workday down 7.9% and Deere off 5.7%.