U.S. Stocks Edge Higher as Wall Street Extends Winning Streak

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U.S. Stocks Edge Higher as Wall Street Extends Winning Streak/ Newslooks/ WASHINGTON/ J. Mansour/ Morning Edition/ U.S. stocks climbed Wednesday, extending a multi-day rally fueled by optimism around a possible Fed rate cut in December. AI-related companies like Dell and Nvidia led gains, while strong retail earnings from Urban Outfitters also boosted sentiment. Deere shares dropped after issuing a weak forecast, citing tariff pressures and global demand concerns.

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Nov. 26, 2025. (AP Photo/Ahn Young-joon)

Quick Look:

S&P 500: +0.5%
Dow Jones: +227 pts (+0.5%)
Nasdaq: +0.7%
10-Year Treasury Yield: 4.03%
Top Gainers: Dell (+2.3%), Nvidia (+2.5%), Urban Outfitters (+11.7%)
Notable Decliner: Deere (-4%)
Fed Rate Cut Odds (Dec): 83% (CME Group)
Markets: Closed Thursday (Thanksgiving), shortened Friday session
Global Markets: DAX +0.7%, Nikkei +1.9%

People cross a street near an electronic stock board showing Japan’s Nikkei index at a securities firm Tuesday, Nov. 25, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

U.S. Stocks Edge Higher as Wall Street Extends Winning Streak

Deep Look

NEW YORK (AP) — Nov. 26, 2025 —
U.S. stocks climbed again on Wednesday morning as Wall Street looks to stretch its recent rally into a fourth consecutive day, driven by renewed hopes for interest rate cuts, surging demand for AI technology, and stronger-than-expected earnings from major retailers.

S&P 500: +0.5%
Dow Jones Industrial Average: +227 points (+0.5%)
Nasdaq Composite: +0.7%

Why Stocks Are Rising:

Fed Rate Cut Expectations:
Market sentiment continues to improve following recent comments from Federal Reserve officials suggesting growing support for a December rate cut. Traders now see an 83% probability of a rate reduction next month, based on CME Group’s FedWatch Tool.
AI-Driven Momentum:
Dell Technologies shares rose 2.3% after the company reported record orders for its AI server systems. Investors are once again warming to tech stocks after pulling back earlier this month amid concerns of overvaluation in the AI sector.
Nvidia, now the most valuable publicly traded company, also climbed 2.5% in early trading.
Retail Earnings Boost:
Urban Outfitters surged 11.7% after reporting quarterly earnings that topped Wall Street forecasts, joining a trend of strong retail performance heading into the holiday shopping season.
Deere Drops on Outlook:
Farm equipment manufacturer Deere & Co. saw its shares fall nearly 4% after issuing a disappointing outlook, blaming a weaker global farm economy and the impact of ongoing U.S. tariffs.

Additional Market Notes:

Holiday Schedule:
U.S. stock markets will be closed Thursday for Thanksgiving and will operate on reduced hours Friday.
Bond Market:
- 10-year Treasury yield: 4.03%
- 2-year Treasury yield: 3.49%

Global Markets:

Europe:
- Germany’s DAX: +0.7%
- France’s CAC 40: +0.6%
Asia:
- Japan’s Nikkei 225: +1.9%
  The Nikkei gained broadly, lifted by exporters and tech shares amid global risk-on sentiment.

Key Takeaways:

Stocks are on pace for a four-day winning streak.
Confidence in a December Fed rate cut is boosting risk appetite.
AI-related optimism is reinvigorating tech shares, with Dell and Nvidia leading gains.
The retail sector shows strength as Urban Outfitters posts robust earnings.
Not all sectors are benefiting—Deere’s guidance highlights pressure from tariffs and slower growth.