US stocks ended sharply higher Tuesday, building on a broad rebound fueled by growing optimism that the Federal Reserve will deliver a rate cut next month, while tech heavyweights Alphabet (GOOG, GOOGL) and Apple (AAPL) posted record highs.

Stocks closed sharply higher for a second time in as many days this holiday-shortened trading week, although Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.

NASDAQ gained strong upside momentum as traders rushed to buy tech stocks. Broadcom, which was up by 10.3%, was the best performer in the NASDAQ index today. Micron and Tesla were among the biggest gainers in today’s trading session.

The Dow Jones Industrial Average surged 664 points, marking a three-day winning streak, as investor focus shifted to the Federal Reserve's potential December rate cut. This sentiment was further fueled by reports of a potential Fed chair candidate favoring lower rates and comments from New York Fed President John Williams.

Major stock indexes closed higher Wednesday ahead of AI darling Nvidia's highly anticipated quarterly results after the bell, with the Dow Jones Industrial Average and S&P 500 snapping four-session losing streaks.

NASDAQ moved higher amid strong demand for tech stocks. Strategy, which was up by 4.3%, was among the biggest gainers in the NASDAQ index today. The stock gained ground as Bitcoin climbed above the $90,000 level.

Markets are pricing the end of the longest government shutdown in history – and another solid set of quarterly earnings.

US stock futures rose on Monday as rate-cut hopes steadied markets after steep November losses. Dow futures gained 0.3%. S&P 500 futures added 0.6%. Nasdaq 100 futures climbed 0.9%. The S&P 500 is still down 3.

The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457.

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The Dow Jones (DJIA) is trading higher ahead of Thanksgiving after the Department of Labor announced that applications for initial U.S.