Stocks Surge, AI Stocks Shine; Federal Reserve Rate Cut Hopes

US stocks closed higher on Friday, marking a positive end to November, as traders anticipate potential interest rate cuts and renewed interest in AI stocks. Despite gains, the Nasdaq and S&P 500 ended the month in the red, snapping winning streaks. A significant trading outage at the Chicago Mercantile Exchange disrupted global markets earlier in the day. Analysts predict the S&P 500 to reach 8,000 by 2026, with some forecasts at around 7,500.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.