US Stock Market Today, November 24, 2025: Nasdaq Leads Tech Rebound as Fed Rate-Cut Hopes Grow

NEW YORK — US stocks are kicking off the shortened Thanksgiving trading week on a positive note, with the tech‑heavy Nasdaq out in front and the S&P 500 also firmly higher, as investors bet more heavily on a Federal Reserve rate cut in December and crowd back into big technology and AI winners.

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