NEW YORK \u2014 <\/strong>U.S. stocks turned higher Friday after a turbulent week, as fresh comments from a top Federal Reserve official fueled renewed optimism<\/strong> for an interest-rate cut in December<\/strong>.<\/p>\n\n\n\n The Nasdaq Composite<\/strong> rose 0.6%<\/strong>, while the S&P 500<\/strong> and Dow Jones Industrial Average<\/strong> both gained about 0.5%<\/strong>. The modest rally comes after Thursday\u2019s sharp sell-off, one of the most dramatic reversals in months.<\/p>\n\n\n\n Markets reacted strongly after New York Fed President John Williams<\/strong> said he sees room for a rate cut in the \u201cnear term,\u201d prompting traders to boost expectations of a December cut to 75%<\/strong>, up from 40%<\/strong> just a day earlier. Williams\u2019 remarks highlight a deeply divided Fed<\/strong> ahead of its final policy meeting of 2025.<\/p>\n\n\n\n While equities found some relief, crypto markets sank further<\/strong>. Risk-off sentiment remains elevated across markets, with investors questioning whether AI-driven valuations are sustainable.<\/p>\n\n\n\n Even with Friday\u2019s bounce, major U.S. indexes are still on track for weekly losses<\/strong>:<\/p>\n\n\n\n The S&P 500<\/strong> is now heading for its worst November since 2008<\/strong>, dragged lower by mounting worries of an AI-bubble, softening consumer sentiment, and volatile rate expectations.<\/p>\n\n\n\n Not even Nvidia\u2019s blockbuster earnings<\/strong> on Wednesday \u2014 nor CEO Jensen Huang\u2019s optimism \u2014 were enough to calm markets.<\/p>\n\n\n\n Investors will also get a final November reading of consumer confidence<\/strong> from the University of Michigan<\/strong> on Friday, after preliminary data showed sentiment near a three-year low. Several Fed officials are scheduled to speak later in the day, offering potential clues about the central bank\u2019s next move.<\/p>\n","protected":false},"excerpt":{"rendered":" Major indexes tick higher on hopes of a December Fed cut, while crypto markets plunge amid renewed AI-bubble fears. NEW YORK \u2014 U.S. stocks turned higher Friday after a turbulent week, as fresh comments from a top Federal Reserve official fueled renewed optimism for an interest-rate cut in December. The Nasdaq Composite rose 0.6%, while […]<\/p>\n","protected":false},"author":2,"featured_media":3022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[1010,1003,1009,1004,1008,1005,1007,1006],"class_list":["post-3016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ai-bubble-concerns","tag-bitcoin-plunge","tag-crypto-market-selloff","tag-december-rate-cut-odds","tag-federal-reserve-john-williams","tag-nasdaq-gains","tag-sp-500-worst-november","tag-us-stocks-rebound"],"yoast_head":"\n
\n\n\n\nBITCOIN TUMBLES \u2014 WORST MONTH SINCE THE 2022 CRYPTO CRASH<\/h2>\n\n\n\n
Bitcoin<\/strong> traded as low as $82,000<\/strong>, continuing a steep slide from its record highs just one month ago. It is now on pace for its worst monthly performance since the crypto meltdown of 2022<\/strong>, as concerns grow over whether AI-related speculation has spilled into digital assets.<\/p>\n\n\n\n
\n\n\n\nWALL STREET HEADING FOR A BRUTAL NOVEMBER<\/h2>\n\n\n\n
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