Stock market today: Dow, S&P 500, Nasdaq rise as Fed rate-cut bets jump; bitcoin sinks

Market Overview - US stocks experienced a rebound on Friday after a turbulent week, driven by rising optimism for a potential interest-rate cut in December, with the Nasdaq Composite rising 0.6%, and the S&P 500 and Dow Jones Industrial Average gaining about 0.5% [1] - The S&P 500 is on track for its worst November since 2008, with concerns over an AI-fueled "bubble" contributing to market volatility [4] Interest Rate Outlook - Comments from New York Fed president John Williams indicated potential for a near-term interest rate cut, leading to a spike in rate-cut bets, with traders now pricing in 75% odds of a December cut, up from around 40% [2] Cryptocurrency Market - Bitcoin has seen significant declines, trading as low as $82,000, marking a steep drop from record-high levels just over a month ago, and is heading for its worst month since the crypto collapse of 2022 [3] Consumer Confidence - Investors are awaiting the final read of November consumer confidence from the University of Michigan, with preliminary readings indicating levels near a three-year low [5]