Stock market today: Dow, Nasdaq, S&P whipsaw higher as Fed rate-cut bets jump; bitcoin slides

US stocks climbed on Friday during a turbulent session amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies. The tech-heavy Nasdaq Composite (^IXIC) put on more than 1%, while the S&P 500 (^GSPC) added 1.2%, reversing losses for the two gauges earlier in the trading day that had wiped out initial gains. The Dow Jones Industrial Average (^DJI) rose around 1.5%, or near 700 points. Stocks had closed sharply lower on Thursday ...