US Stock Market Today: Tech-Led Rally Lifts S&P 500 and Nasdaq as Fed Rate-Cut Bets Rise (November 24, 2025)
U.S. stocks rallied Monday, with the Nasdaq jumping 1.73% and the S&P 500 up 0.97%, as investors bet on a December Fed rate cut and responded to a thaw in U.S.–China relations. Mega-cap tech stocks led gains: Alphabet rose 6% after unveiling its Gemini 3 AI model, Tesla surged 7%, and chipmakers Broadcom and Micron climbed up to 10%. The Dow gained 0.32%.