US Markets Gain in Low-Volume Post-Holiday Session as Rate Expectations Firm

US indexes rose in muted trading, supported by tech strength and rising expectations of a December Fed rate cut, with market odds crossing 80%.

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US Markets Gain in Low-Volume Post-Holiday Session as Rate Expectations Firm

US Markets Gain in Low-Volume Post-Holiday Session as Rate Expectations Firm
Trading activity remained light on Wall Street following the Thanksgiving break, but major benchmarks advanced with broad support from AI-exposed names and improving risk sentiment. The Dow closed at 47,716, up 0.61%, while the S&P 500 climbed 0.54% to 6,849. Investors monitored the growing probability of a Federal Reserve rate cut at the December 9–10 meeting, with market-implied odds exceeding 80%. 
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