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Wall Street closed higher on Tuesday after a choppy session, maintaining the rally for three consecutive days. Market participants remained hopeful of another possible interest rate cut next month. Economic data came in mixed. All three major stock indexes ended in positive territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) appreciated 1.4% or 664.18 points to close at 47,112.45. Notably, 28 components of the 30-stock index ended in positive territory, while two finished in negative territory. At intraday low, the blue-chip index was down nearly 107 points.
The tech-heavy Nasdaq Composite finished at 23,025.59, rising 0.7% or 153.59 points on the strong performance of artificial intelligence bigwigs. At intraday low, the tech-laden index was down more than 1%.
The S&P 500 gained 0.9% points to finish at 6,765.88. At intraday low, the benchmark was down about 0.7%. Nine out of 11 broad-sectors of the broad-market index ended in positive territory while two ended in negative territory. The Health Care Select Sector SPDR (XLV) and the Consumer Discretionary Select SPDR (XLY), climbed 2.3% and 2.1%, respectively.
The fear gauge, the CBOE Volatility Index (VIX) was down 9.6% to 18.56. A total of 16.68 billion shares were traded on Tuesday, lower than the last 20-session average of 19.78 billion. Advancers outnumbered decliners on the NYSE by a 4.05-to-1 ratio. On the Nasdaq, a 2.59-to-1 ratio favored advancing issues.
Rate Cut Hope Gathers Pace
On Nov. 25, Bloomberg reported that White House National Economic Council Director Kevin Hassett has emerged as a key contender for the next Fed Chairman. Hassett’s views are closely associated with President Donald Trump’s desire for more aggressive rate cuts to move toward a low-interest rate regime. CNBC reported citing Treasury Secretary Scott Bessent that chances are very high that President Trump will announce the name of the next Fed Chair before Christmas.
On Nov. 24, San Francisco Federal Reserve President Mary Daly and on Nov. 21, New York Federal Reserve President John Williams supported rate cut in December citing weak labor market conditions.
Following these developments, the CME FedWatch currently shows an 85% probability of a 25-basis-point rate cut in December. This probability was as low as 42.2% last week.
Economic Data
The S&P Cotality Case-Shiller U.S. National Home Price NSA Index rose 1.3% annually in September, compared with a 1.4% rise in the previous month.
The Conference Board reported that the consumer confidence index for November fell sharply to 88.7, missing the Zacks Consensus Estimate of 93.2. The metric for October was revised upward to 95.5 from 94.6 reported earlier.
The Present Situation Index — based on consumers’ assessment of current business and labor market conditions — fell by 4.3 points to 126.9. The Expectations Index — based on consumers’ short-term outlook for income, business, and labor market conditions — fell by 8.6 points to 63.2. The Expectations Index has been staying below 80 for 10 consecutive months, the threshold indicating an upcoming recession.
The National Association of REALTORS reported that pending home sales increased 1.9% month over month in October but fell 0.4% year over year.
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Stock Market News for Nov 26, 2025
Wall Street closed higher on Tuesday after a choppy session, maintaining the rally for three consecutive days. Market participants remained hopeful of another possible interest rate cut next month. Economic data came in mixed. All three major stock indexes ended in positive territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) appreciated 1.4% or 664.18 points to close at 47,112.45. Notably, 28 components of the 30-stock index ended in positive territory, while two finished in negative territory. At intraday low, the blue-chip index was down nearly 107 points.
The tech-heavy Nasdaq Composite finished at 23,025.59, rising 0.7% or 153.59 points on the strong performance of artificial intelligence bigwigs. At intraday low, the tech-laden index was down more than 1%.
The major gainer of the index was Analog Devices Inc. (ADI - Free Report) . The stock price of this semiconductor manufacturer climbed 5.3%. Analog Devices currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The S&P 500 gained 0.9% points to finish at 6,765.88. At intraday low, the benchmark was down about 0.7%. Nine out of 11 broad-sectors of the broad-market index ended in positive territory while two ended in negative territory. The Health Care Select Sector SPDR (XLV) and the Consumer Discretionary Select SPDR (XLY), climbed 2.3% and 2.1%, respectively.
The fear gauge, the CBOE Volatility Index (VIX) was down 9.6% to 18.56. A total of 16.68 billion shares were traded on Tuesday, lower than the last 20-session average of 19.78 billion. Advancers outnumbered decliners on the NYSE by a 4.05-to-1 ratio. On the Nasdaq, a 2.59-to-1 ratio favored advancing issues.
Rate Cut Hope Gathers Pace
On Nov. 25, Bloomberg reported that White House National Economic Council Director Kevin Hassett has emerged as a key contender for the next Fed Chairman. Hassett’s views are closely associated with President Donald Trump’s desire for more aggressive rate cuts to move toward a low-interest rate regime. CNBC reported citing Treasury Secretary Scott Bessent that chances are very high that President Trump will announce the name of the next Fed Chair before Christmas.
On Nov. 24, San Francisco Federal Reserve President Mary Daly and on Nov. 21, New York Federal Reserve President John Williams supported rate cut in December citing weak labor market conditions.
Following these developments, the CME FedWatch currently shows an 85% probability of a 25-basis-point rate cut in December. This probability was as low as 42.2% last week.
Economic Data
The S&P Cotality Case-Shiller U.S. National Home Price NSA Index rose 1.3% annually in September, compared with a 1.4% rise in the previous month.
The Conference Board reported that the consumer confidence index for November fell sharply to 88.7, missing the Zacks Consensus Estimate of 93.2. The metric for October was revised upward to 95.5 from 94.6 reported earlier.
The Present Situation Index — based on consumers’ assessment of current business and labor market conditions — fell by 4.3 points to 126.9. The Expectations Index — based on consumers’ short-term outlook for income, business, and labor market conditions — fell by 8.6 points to 63.2. The Expectations Index has been staying below 80 for 10 consecutive months, the threshold indicating an upcoming recession.
The National Association of REALTORS reported that pending home sales increased 1.9% month over month in October but fell 0.4% year over year.