US stock market up today: S&P 500, Nasdaq and Dow rally for third day as Fed rate-cut bets surge amid growing spotlight on Google-Nvidia AI chip battle

Investor focus remained locked on the Federal Reserve’s upcoming policy decision, with markets now pricing in nearly an 83 percent chance of a quarter-point rate cut in December, according to the CME FedWatch tool. Rate expectations accelerated after Bloomberg reported that White House National Economic Council Director Kevin Hassett is being considered the leading candidate for the next Fed chair, a choice markets see as more likely to support President Donald Trump’s preference for lower interest rates. ...