Weekly Market Update

This week, US stocks experienced a significant surge, with major indexes rising due to growing optimism about an interest-rate cut in December. The tech-heavy Nasdaq Composite was up 2.7%, its biggest daily jump since May, while the S&P 500 advanced more than 1.5%. Tech giants like Alphabet and Apple reached record highs, and Nvidia jumped over 1.5%.

Key Points:
• Interest-rate cut optimism fuels market rally
• Tech stocks lead gains, with Alphabet and Apple reaching new records
• Bitcoin rises above $90,000, but some strategists warn of a potential false recovery
• Markets closed early on Friday for Thanksgiving, with no major earnings or economic data releases