Stock market today: S&P 500 notches latest 2025 record as Wall Street's winning streak reaches 4

Market Performance - US stocks experienced an upward trend, with the S&P 500 reaching a record close of 6,909.79, marking a 0.5% increase [2] - The Nasdaq Composite rose by 0.6%, while the Dow Jones Industrial Average gained approximately 0.2%, extending gains for four consecutive sessions [2] Economic Data - The third quarter GDP data revealed a surprising growth of 4.3% annualized rate, significantly exceeding the expected 3.3%, indicating ongoing economic resilience [3] - Consumer spending remained robust over the summer, contributing to the positive economic outlook [3] Interest Rate Expectations - Following the GDP release, traders reduced their expectations for a rate cut in January, with over 85% odds now pricing in the Federal Reserve maintaining current rates, an increase from 80% the previous day [4] - Despite this, a majority of bets still anticipate two rate cuts by the end of next year [4] Corporate Developments - Novo Nordisk's US-listed stock surged after receiving official approval to market its Wegovy weight-loss pill, highlighting positive corporate news amid broader market trends [5]