Wall Street Bets Big On A Softer Fed As AI Frenzy Reignites

U.S. equity markets surged Monday, driven by renewed optimism that the Federal Reserve may cut interest rates in December and strong gains in artificial intelligence–focused technology stocks.The S&P 500 climbed about 1.5 percent, while the Nasdaq jumped roughly 2.7 percent, and the Dow Jones Industrial Average added about 0.4 percent. The rally comes as investors kick off a holiday-shortened trading week, buoyed by signs that central bankers could ease policy soon.The shift in sentiment follows remarks fro ...