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November 24 2025 US stocks rally: Tech leads as rate cut odds jump

The November 24 2025 US stocks rally began with tech in charge as the S&P 500 rose about 0.7% and the Nasdaq 1.1% at the open, per the Associated Press. Markets are entering a holiday‑shortened week, which can amplify moves.

TL;DR

• Stocks opened higher, with tech setting the pace.
• Roughly 75% odds for a 25‑bp cut next month helped risk appetite, Reuters reported.
• However, indexes remain below late‑October highs as AI valuation concerns linger.

November 24 2025 US stocks rally at the open

The November 24 2025 US stocks rally saw broad gains at the bell, with megacap tech lifting indexes. The AP reported the S&P 500 up about 0.7% and the Nasdaq up about 1.1%.

By the numbers:

• S&P 500: +0.7% at the open.
• Nasdaq: +1.1% at the open, nasdaq leads early gains.
• Trading: Thinner liquidity ahead of the holiday.

Zoom in: Confidence in growth leaders returned early, even as valuation debate persists.

Fed rate cut odds at 75% buoy risk

Reuters noted investors now price about a 75% chance of a 25‑bp cut in December. Higher december fed rate cut odds tend to compress discount rates and support rate‑sensitive tech. As december fed rate cut odds firm, buyers have leaned into long‑duration growth.

Timeline to the November 24 2025 US stocks rally

After late‑October records, indexes pulled back as ai valuation concerns intensified. Reuters said the S&P 500 and Nasdaq ended Friday ~4% and ~7% below those peaks. As odds of a December cut climbed and earnings held up, sentiment improved into today’s open, and nasdaq leads early gains again. Strategists also point to 2026 targets, including Deutsche Bank’s bullish path.

How the November 24 2025 US stocks rally fits recent volatility

Despite today’s bounce, levels remain shy of late‑October highs, according to Reuters. Choppy sessions reflect ai valuation concerns and uncertainty around policy timing. The upshot: Momentum improved, but confirmation still hinges on data and the Fed’s next move.

Overseas tech tone: Hang Seng and Alibaba

AP highlighted a nearly 2% pop in Hong Kong’s benchmark, aided by Alibaba strength. That hang seng alibaba rally supported a constructive backdrop for global tech risk. Moreover, continued follow‑through from the hang seng alibaba rally could bolster U.S. sentiment at the margins.

Sell-side outlook: Deutsche Bank eyes S&P 500 at 8,000 by 2026

Reuters reported Deutsche Bank sees the S&P 500 at 8,000 by end‑2026, citing earnings and AI investment. That deutsche bank 8000 sp500 target underscores the bullish case if productivity and capex trends persist. Still, any deutsche bank 8000 sp500 target depends on growth holding up and policy staying supportive.

What’s Next: Fed decision, holiday trading

What’s next: Focus shifts to incoming data and the December meeting for clarity on a potential cut. If december fed rate cut odds stay elevated, breadth could improve, though thin holiday‑week liquidity may exaggerate swings. For the November 24 2025 US stocks rally to extend, traders will want calmer rates and steady earnings guidance.