The S&P 500 closed slightly higher on Tuesday, supported by renewed strength in tech stocks as traders increased their bets on a Federal Reserve rate cut. By the closing bell, the Dow Jones Industrial Average climbed 0.4%, the S&P 500 added 0.2%, and the NASDAQ advanced 0.6%.
Market optimism grew after the latest ISM data signaled continued weakness in U.S. manufacturing, reinforcing expectations that the Fed could begin easing policy as soon as next week. Futures markets now price in an 86% chance of a 25-basis-point cut at the Dec. 9–10 Fed meeting. Softer economic indicators, easing inflation pressures, and recent remarks from Fed officials hinting at earlier-than-expected cuts have fueled this shift in sentiment.
Speculation surrounding future Fed leadership is also influencing markets, with reports suggesting White House economic adviser Kevin Hassett has become the leading contender to replace Chair Jerome Powell when his term expires next year. Adding to the momentum, Bank of America revised its outlook, now anticipating a December cut and projecting two more reductions in mid-2026, citing potential policy changes under new leadership.
In corporate news, Marvell Technology is set to headline a light earnings calendar, while MongoDB surged over 22% after raising its full-year guidance. Media reports also surfaced that Marvell is in advanced talks to acquire AI chip startup Celestial AI in a multibillion-dollar deal.
Dell Technologies gained after President Donald Trump praised the Dell family for announcing a massive $6.25 billion philanthropic initiative, providing $250 to each of 25 million U.S. children as part of the broader “Invest America” program.
Boeing shares jumped 10% after forecasting positive free cash flow for 2026 and securing a $104.4 million U.S. Navy contract for aircraft display repairs.
In crypto markets, Bitcoin rebounded more than 7% to reclaim the $90,000 level, boosting sentiment and lifting related stocks including MicroStrategy, Coinbase, and Marathon.


Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 



