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Informist, Tuesday, Nov. 25, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: US mkt ends higher Mon amid rate cut optimism; AI stocks surge

 

MUMBAI--0754 IST--Equity indices in the US closed higher Monday, extending Friday's rally on increased hope that the US Federal Reserve will lower its benchmark interest rate in December. Traders looked past lofty valuations of artificial intelligence-related stocks and were bullish on them after Google parent Alphabet's new Gemini model reignited the AI trade.

 

Shares of Alphabet ended more than 6% higher. Last week, Google had announced its upgraded AI model, Gemini 3, nearly eight months after it launched Gemini 2.5. "It's great for Alphabet and investors in Alphabet, but it always concerns me when we have one stock that is leading the market higher," Melissa Brown, SimCorp's managing director of investment decision research, was quoted as CNBC by saying. "We're not looking necessarily at a broad-based improvement, that just doesn't seem to me to be a sustainable force behind driving the market higher over the next however many days."

 

US Fed Governor Christopher Waller, New York Fed President John Williams, and San Francisco Fed President Mary Daly were dovish on the Fed's monetary policy going forward, which boosted stocks further. Fed funds futures are pricing in an 81% likelihood of a 25-basis-point rate cut in December, up from 42% a week ago, according to CME's FedWatch Tool.

 

Driven by the optimism, shares of other companies that are in the business of AI, surged. Broadcom gained a little over 11% and Micron Technology ended 8% higher. Shares of Palantir Technologies and AMD rose around 5?ch. Some of the 'magnificent seven' stocks such as Meta, Nvidia, and Amazon rose 2–3%.

 

Shares of Bristol-Myers rose more than 3?ter its European rival Bayer unveiled positive data for its cardiovascular drug, boosting confidence in Bristol-Myers' experimental drug milvexian, Reuters reported. Shares of Centene and Oscar Health were significantly higher, following a report that US President Trump was considering extending the Affordable Care Act's subsidies for two years.

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6705.12	1.55
NASDAQ Composite	22872.01	2.69
Dow Jones Industrial Average	46448.27	0.44

 

(Eshitva Prakash)

 

End

 

US$1 = INR 89.23

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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