BAF NEWS

TL;DR

The tape turned risk‑on as mega‑cap tech paced gains and falling yields helped multiples. Futures priced high odds of a December cut, and global equities followed through for a second session.

November 24 2025 stocks rally: Nasdaq leads

The November 24 2025 stocks rally delivered a tech‑led rebound across U.S. equities. U.S. indexes closed higher, with nasdaq up 2.7% leading, the S&P 500 rose about 1.5% and the Dow added roughly 0.4%, according to available reports. Communication services and technology set the tone as breadth improved.

Zoom in: Large‑cap growth did most of the lifting, but gains extended to small caps as well.

Mega‑cap tech and AI names drive gains

Alphabet rose roughly 6% and set an alphabet record high, while Tesla advanced about 6 to 7%. Broadcom up 11% paced semiconductors, reinforcing the AI theme that has anchored leadership all year. With nasdaq up 2.7%, positioning favored high‑beta names tied to AI infrastructure and platforms.

Alphabet record high headlines reinforced investor confidence in cash‑rich platforms. However, gains were concentrated, so dispersion across sectors remained noticeable.

November 24 2025 stocks rally drivers: rate‑cut bets rise

After dovish remarks from senior Federal Reserve officials, markets put the fed december rate cut odds near 75 to 85%. Futures implied a strong chance of a 25 bp move at the December meeting. Consequently, the fed december rate cut odds bolstered risk appetite in cyclical and duration‑sensitive groups.

Global risk‑on: yields ease, stocks advance

Global equities rose for a second straight session as U.S. yields dipped. With the 10-year treasury yield 4.04% in sight, discount rates fell and growth valuations found support. As the 10-year treasury yield 4.04% hovered near that level late in the session, sentiment improved across regions.

Europe closes higher; sector and single‑stock moves

Europe’s STOXX 600 closed up about 0.31%, aided by U.S. rate‑cut optimism. Defence shares lagged, while banks and tech outperformed on the softer‑yields backdrop. Meanwhile, Bayer rallied on positive drug news, and Novo Nordisk slipped after trial headlines.

By the numbers: November 24 2025 stocks rally

• S&P 500: 6,705.12 (+1.5%).
• Nasdaq Composite: 22,872.01 (nasdaq up 2.7%).
• Dow Jones Industrial Average: 46,448.27 (+0.4%).
• Russell 2000: 2,414.28 (+1.9%).
• Leaders: Broadcom up 11%, Alphabet record high (~6.3%).
• U.S. 10‑year Treasury yield: 10-year treasury yield 4.04% late session.

What’s next: December Fed decision in focus

The December decision is the near‑term catalyst. Markets still lean toward a 25 bp cut, though incoming data could sway the path. The upshot: if fed december rate cut odds stay elevated, leadership may broaden, if not, volatility likely returns and the November 24 2025 stocks rally sets a higher bar for data to clear.