More Stories

Informist, Thursday, Dec. 4, 2025                                      Tel +91 (22) 6985-4000

---

Equity Alert: US indices end higher Wed on rate cut hopes; Dow Jones up 1%

 

MUMBAI--0743 IST--Benchmark equity indices in the US ended higher Wednesday on elevated expectations among traders of an interest rate cut by the US Federal Reserve in its policy meeting next week. Traders are pricing in a higher chance of an interest rate cut after weak private payrolls data for November and subdued growth in US services activity during the month. Small-caps in the region outperformed during the session on rate cut expectations, with the Russell 2000 index gaining almost 2%.

 

Private payrolls declined by 32,000 in November, against an expectation of a 40,000 increase by economists polled by Dow Jones, according to data from payrolls processor ADP. In a separate reading, the Institute for Supply Management's report on services activity showed little change in November at 52.6, compared to 52.4 in October. Fed fund futures traders are pricing in an 89% chance of a 25-basis point interest rate cut by the US Fed, up from a 67% chance seen a month ago, according to data from the CME FedWatch tool.

 

Shares of Microsoft Corp. fell more than 2% on a report that the technology giant has cut artificial intelligence software sales quotas after many sales staff missed their targets in the fiscal year ended June. However, the company's shares were off the session's lows and closed 1% lower after CNBC said Microsoft denied the report. 

 

Among other stocks, Marvell Technology rose almost 8?ter the chipmaker said it would buy semiconductor startup Celestial AI in a deal of $3.25 billion, Reuters reported. American clothing and accessories retailer American Eagle Outfitters ended over 15% higher on its annual comparable sales forecast, betting on strong demand during the holiday season.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6849.72	0.3
NASDAQ Composite	23454.09	0.17
Dow Jones Industrial Average	47882.9	0.86

 

(Arundathi A R)

 

US$1 = INR 90.19

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.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.