US Stock Market Today: Dow, S&P 500, Nasdaq Extend Rally on Fed Rate‑Cut Bets Ahead of Thanksgiving
U.S. stocks extended gains early Wednesday, with the Dow up about 140 points, the S&P 500 rising 0.5%, and the Nasdaq ahead 0.6% in the first hour. The rally follows a surge Tuesday and comes as traders bet on a December Fed rate cut, with futures implying an 80–85% chance. Initial jobless claims fell by 6,000 to 216,000 last week, marking a third straight weekly drop.