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Informist, Wednesday, Dec. 3, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: US indices rise on rate cut hopes, gains in technology cos 

MUMBAI--0735 IST--Benchmark equity indices in the US ended higher Tuesday amid hope that the US Federal Reserve will cut interest rates at its meeting later this month as economic data from the US continues to appear weak. Gains in technology stocks aided the rise of the indices. The technology-heavy NASDAQ Composite index gained the most among its benchmark peers on Tuesday.

"Recent data pointed to a gradually cooling economy, and policymakers had urged caution on rate cuts, warning that inflation pressures could be rekindled. But comments from several Fed officials in recent days sent market expectations soaring for a rate cut at the central bank's December meeting," Reuters reported.

Large-cap technology companies such as Apple, Nvidia, and Microsoft drove the gains in the indices. Shares of Apple closed over 1% higher and those of Nvidia and Microsoft rose nearly 1%. Shares of Intel Corp. jumped nearly 9%. Mass media and entertainment conglomerate Warner Bros Discovery ended nearly 3% higher after reports that the company received a second round of bids, including an offer from Netflix, Reuters reported.

Boeing closed over 10% higher after the plane maker said it expected higher deliveries for its 737 and 787 jets next year. Boeing also lifted the S&P 500 industrials index 0.9%, the top performer among 11 major sectors in the S&P index.

Market participants are focussing on the appointment of the next US Fed Chair when incumbent Jerome Powell's term ends next year. Traders await a delayed September report on the Personal Consumption Expenditures Price Index, which is the Fed's preferred inflation gauge, on Friday. Traders are now pricing in an over 89% probability that the apex bank will cut key rates by a quarter percentage point at its policy meeting in December, according to the CME FedWatch tool.

Following are the closing levels of US indices Monday:

(Arundathi A R)

US$1 = INR 89.87

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

Edited by Avishek Dutta

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

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