Today At A Glance:

Stocks rebounded after four straight declines as dovish comments from New York Fed President John Williams rekindled hopes for a December rate cut. The bounce was broad, with cyclical and retail names leading while AI bellwethers stayed choppy. Ross Stores, Gap and Intuit popped on upbeat earnings, helping shore up consumer-discretionary sentiment. Treasury yields eased and volatility cooled from Thursday’s spike, improving risk appetite into the close. Traders framed the move as a relief rally after yesterday’s tech-led reversal.

Today’s Index Performance:

• Dow Jones Industrial Average — The Dow opened today at 45,808.65 and closed at 46,301.19, with the percentage change of +1.08%.
• S&P 500 — The S&P 500 opened today at 6,560.91 and closed at 6,626.71, with the percentage change of +1.00%.
• Nasdaq Composite — The Nasdaq opened today at 22,162.83 and closed at 22,351.56, with the percentage change of +0.85%.

Gainers Of Note:

• Ross Stores (NASDAQ: ROST) – Off-price retailer; jumped ~7% after topping earnings/revenue and raising guidance on stronger traffic.
• Gap (NYSE: GAP) – Apparel retailer; surged ~8% on better-than-expected results and improved demand signals.
• Intuit (NASDAQ: INTU) – Financial-software leader; rose ~6% on robust quarterly results tied to demand for AI-enabled products.

Losers Of Note:

• Veeva Systems (NYSE: VEEV) – Life-sciences software; fell ~10% after warning of softer biopharma demand for its Vault CRM suite.
• Elastic (NYSE: ESTC) – Search/observability software; slid ~11–12% following results/outlook that disappointed investors.
• Oracle (NYSE: ORCL) – Enterprise software & cloud; down ~5–6% as investors continued rotating away from high-capex AI names.

Active Traders Of Note:

• Nvidia (NASDAQ: NVDA) – AI GPUs & platforms; remained one of the session’s most-traded names as the market digested its blowout report and debated AI-spend durability.
• Tesla (NASDAQ: TSLA) – EV leader; heavy volume as traders leaned into the broader risk rebound while positioning around year-end delivery expectations.
• Alphabet (NASDAQ: GOOGL) – Search/cloud & AI; actively traded and higher alongside megacaps as rate-cut odds improved.

Looking Forward:

If Fed-cut hopes persist and yields stay contained, cyclicals and consumer names could extend leadership into Monday, even as AI remains a swing factor. Next up, flash PMIs and any fresh corporate guidance will test today’s improved sentiment. Expect dispersion to stay elevated—stock-specific earnings and guidance surprises are likely to drive outsized moves despite calmer index-level volatility.

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