Stock market today: Nasdaq sees biggest jump since May, S&P 500 soars as Alphabet, Tesla lead tech rally

US stocks surged on Monday to start the shortened Thanksgiving trading week as US policymakers buoyed hopes for an interest-rate cut in December and AI optimism fueled the tech trade. The tech-heavy Nasdaq Composite (^IXIC) was up almost 2.7%, its biggest daily jump since May. The S&P 500 (^GSPC) advanced more than 1.5%, as Wall Street stocks started to extend Friday's bounce. The Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, put on nearly 0.5%. Stocks notched another recovery f ...