Wall Street Rises on Hints of Fed Rate Cuts Amid Mixed Corporate Earnings
U.S. stocks opened mostly higher on Tuesday as investors digested economic data and corporate earnings, fueling hopes that the Federal Reserve may cut interest rates in December. According to The Associated Press , the…

U.S. stocks opened mostly higher on Tuesday as investors digested economic data and corporate Earnings, fueling hopes that the Federal Reserve may cut interest rates in December.
According to The Associated Press, the S&P 500 inched up 0.1% in early trading, even though four out of five stocks in the index were climbing.
The Dow Jones Industrial Average gained 288 points, or 0.6%, while the Nasdaq composite fell 0.3%, reflecting uneven performance among tech-heavy stocks.
Artificial intelligence-linked companies saw notable swings. Alphabet rose 1.6% on continued enthusiasm for its newly released Gemini AI model.
Meanwhile, Alibaba’s U.S.-traded shares bounced between gains and losses after the company reported stronger-than-expected quarterly revenue, driven in part by AI-related growth.
Some semiconductor stocks fell sharply. Nvidia dropped 4.8%, and Advanced Micro Devices fell 7.4% after a report indicated that Meta Platforms is in discussions to purchase AI chips from Alphabet rather than from traditional chip suppliers.
Retail Earnings also caused significant market movement. Abercrombie & Fitch surged 20.9% after reporting stronger-than-expected profits and raising its full-year revenue and profit forecast.


