NEW YORK — The U.S. stock market is rising again on Monday, ahead of a week with shortened trading because of the Thanksgiving holiday.

The S&P 500 climbed 1.2% and added to its jump from Friday. The Dow Jones Industrial Average was up 257 points, or 0.6%, as of 11 a.m. Eastern time, and the Nasdaq composite was 2% higher.

Stocks got a lift from rising hopes that the Federal Reserve will cut its main interest rate again at its next meeting in December, a move that could boost the economy and investment prices.

The market also benefited from strength for stocks caught up in the artificial-intelligence frenzy. Alphabet, which has been getting praise for its newest Gemini AI model, rallied 5.1% and was one of the strongest forces lifting the S&P 500. Nvidia edged down by 0.1% after bobbing

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