Wall Street Hopes for Rate Cut, Tech Rebound

US stock futures maintain stability as Wall Street anticipates a tech-driven recovery. Growing optimism for a potential Federal Reserve interest rate cut in December supports the market. Despite Mondays surge, major indexes remain on track for monthly losses. Investors scrutinize high valuations of AI and growth stocks, while awaiting key economic data releases and earnings reports from companies like Alibaba, Kohls, and Best Buy. US markets will be closed on Thursday and operate on a reduced schedule on Friday.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.