Stock market today: Dow, S&P 500, Nasdaq rise as Fed rate-cut bets jump; bitcoin sinks
Yahoo Financeยท2025-11-20 23:18
US stocks turned higher Friday after a week of turbulence amid rising optimism for a December interest-rate cut, while bitcoin kept tumbling as AI worries continued to weigh on investors. The tech-heavy Nasdaq Composite (^IXIC) rose 0.6%, while the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) gained about 0.5%. Stocks had closed sharply lower on Thursday in a remarkable turnabout. US equities perked up on Friday after the New York Fed president, John Williams, said he sees room for a cut ...