Dow Jones Near 48,000: Fed Rate Cut Bets and 2026 Stock Market Outlook
The Dow Jones Industrial Average closed at 47,954.99 on Friday, December 5, up 104 points for its second straight weekly gain and just below its all-time high. Investors are betting on a Federal Reserve rate cut at next week’s policy meeting, with odds above 80% after softer inflation and labor data. The S&P 500 and Nasdaq also posted gains Friday.