Today At A Glance:

Tech led a broad rebound as rate-cut odds for December climbed and investors rotated back into mega-caps. Alphabet rallied on fresh enthusiasm around its Gemini AI push, while Tesla and chip stocks surged, helping the Nasdaq log the day’s biggest gain. Traders cited dovish vibes from recent Fed commentary and rising probabilities of a 25 bp cut next month as key tailwinds. Gold ticked higher and longer-dated Treasury yields eased, reinforcing the pro-risk tone. By the close, the S&P 500 and Nasdaq posted strong advances and the Dow added a few hundred points.

Today’s Index Performance:

• Dow Jones Industrial Average — The Dow opened today at 46,351.93 and closed today at 46,587.71, with the percentage change of +0.51%.
• S&P 500 — The S&P 500 opened today at 6,636.54 and closed today at 6,712.42, with the percentage change of +1.14%.
• Nasdaq Composite — The Nasdaq opened today at 22,482.16 and closed today at 22,879.73, with the percentage change of +1.77%.

Gainers Of Note:

• Alphabet (NASDAQ: GOOGL) – Search, cloud & AI; climbed as investors piled into mega-cap tech on momentum around its Gemini AI model and broader risk-on tape.
• Tesla (NASDAQ: TSLA) – EVs & AI; jumped after upbeat commentary on AI chip ambitions helped turbo-charge sentiment in high-beta tech.
• Micron Technology (NASDAQ: MU) – Memory & AI-linked chips; advanced alongside semis during the tech rally, with multiple large-cap names posting outsized gains.

Losers Of Note:

• Novo Nordisk (NYSE: NVO) – Pharma; fell after semaglutide failed to significantly slow cognitive decline in an Alzheimer’s study, disappointing investors.
• Grindr (NYSE: GRND) – Social/dating platform; declined after the company ended talks on a potential buyout, removing a perceived catalyst.
• Performance Food Group (NYSE: PFGC) – Food distribution; slipped as reports indicated merger talks with US Foods had ended, while USFD rose on the update.

Active Traders Of Note:

• Nvidia (NASDAQ: NVDA) – AI GPUs & platforms; among the day’s most-traded names as investors leaned back into AI leaders during the rebound.
• Coinbase (NASDAQ: COIN) – Crypto exchange; active alongside a rebound in Bitcoin after last week’s slide, drawing heavy interest to crypto-exposed names.
• Carvana (NYSE: CVNA) – Online auto retail; brisk volume after a bullish analyst call helped extend recent momentum.

Looking Forward:

With rate-cut odds elevated and yields easing, bulls will look for follow-through into the holiday-shortened week; watch for any data surprises that could dent the dovish narrative. AI-linked leadership remains a swing factor—strength in megacaps can pull indexes higher, but reversals would quickly pressure breadth. Retail and holiday-spending reads (plus any late-season earnings) are next up as investors gauge the durability of year-end risk appetite.

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