Market Overview - U.S. stocks closed higher on Friday, with the Nasdaq Composite gaining for the fifth consecutive session as rate cut hopes increased and risk appetite returned across technology, cryptocurrency, and commodities [2][4] - The Nasdaq recorded a nearly 2% decline in November, while the S&P 500 and Dow experienced slight gains during the same month [2] - The Dow rose over 3% last week, and the S&P 500 surged almost 4%, with the Nasdaq Composite climbing over 4% during the week [2] Federal Reserve Expectations - Traders now anticipate an 88% chance that the Federal Reserve will cut interest rates by 25 basis points at its December 10 meeting, a significant increase from a 50% chance the previous week [3] Sector Performance - Most sectors on the S&P 500 ended positively, with energy, communication services, and consumer discretionary stocks showing the largest gains on Friday [4] - Health care stocks, however, closed lower, bucking the overall market trend [4] Notable Company Movements - Intel Corp. led the S&P 500 with a jump of over 10%, as investors returned to buy beaten-down tech stocks in November [3] Upcoming Earnings - Investors are awaiting earnings results from MongoDB Inc., Vestis Corp., and Credo Technology Group Holding Ltd. [5]
Nasdaq Gains 150 Points But Records Losses For November: Fear & Greed Index Remains In 'Extreme Fear' Zone - Intel (NASDAQ:INTC)