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US stocks rally Nov 21 2025: Rate-cut bets jump after Williams signal

US stocks rally Nov 21 2025 was driven by comments from John Williams of the Federal Reserve, which increased expectations for a near-term rate cut. As a result, major indexes like the Dow, S&P 500, and Nasdaq posted notable gains, with traders raising the odds of a December rate cut to around 70–75%.

US stocks rally Nov 21 2025: Why markets are up

US stocks rally Nov 21 2025 gathered momentum after john williams fed comments suggested the Federal Reserve could adjust policy sooner. Reuters reported he said the Fed can cut rates “in the near term,” a clear support for risk appetite.

As a result, december fed rate cut odds moved higher, according to available reports. Multiple outlets said traders were marking odds near the 70,75% range by late morning.

Timeline: US stocks rally Nov 21 2025 and rate-cut signals

Around 9:49,9:50 a.m. ET, stocks opened higher as the stock market today November 21 2025 turned risk-on. Reuters logged modest early gains, while Yahoo Finance showed a slightly stronger start around that time.

By roughly 12:15 p.m. ET, the advance strengthened alongside the policy headlines. The stock market today November 21 2025 saw momentum build as futures pricing reflected higher chances of a cut.

US stocks rally Nov 21 2025: Index levels at open and midday

At the open, reports showed the major averages in the green. Early reads varied by outlet, but both pointed to firm breadth.

By midday, gains were clearer: the S&P 500 was up about 1.2%, the Dow roughly 709 points (around 1.6%), and the Nasdaq about 1% higher. In short, dow s&p 500 nasdaq gains broadened as the session progressed.

Williams’ signal lifts December cut odds to ~70,75%

John Williams’ remarks were the catalyst. He said the Fed can cut rates “in the near term,” and separately noted there is “room for a further adjustment.” These john williams fed comments sharpened the market’s focus on the next meeting.

Consequently, december fed rate cut odds climbed toward roughly 70,75%, according to available reports. Traders cited the john williams fed comments as the main reason for the repricing.

How rate‑cut expectations fueled the rebound

Falling policy-rate expectations can ease financial conditions, and Friday’s move reflected that dynamic. As investors reassessed the path ahead, dow s&p 500 nasdaq gains extended into midday.

Moreover, breadth improved across sectors as the policy narrative turned more supportive. Therefore, the US stocks rally Nov 21 2025 appeared anchored to the shift in odds rather than company‑specific news.

What’s next: December Fed decision and market pricing

Attention now turns to the December meeting and how pricing evolves. If december fed rate cut odds hold near the current range, volatility could persist into the decision day.

Additionally, any further john williams fed comments,or guidance from other officials,could move markets. Even so, the US stocks rally Nov 21 2025 will likely hinge on incoming data and how it shapes the policy path.

Sources

  1. Reuters: Wall Street inches up as December rate cut bets strengthen
  2. AP: More swings rock Wall Street, except stocks are jumping this time
  3. Financial Times: US stocks rebound after top Fed official signals openness to rate cut
  4. Yahoo Finance: Stock market today: Dow, S&P 500, Nasdaq rise as Fed rate-cut bets jump; bitcoin sinks
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