U.S. stocks climbed today in thin trading volume during a shortened session after Thanksgiving, driven by gains in retail and a recovery in tech stocks.

Expectations for a Federal Reserve rate cut in December strengthened throughout the week, helping underpin sentiment across equity markets.

The Dow Jones Industrial Average rose 289 points, or 0.61%, to 47,716.42 points; the S&P 500 gained 36.5 points, or 0.5%, to 6,849.09 points; and the Nasdaq Composite added 151 points, or 0.65%, to 23,365.69.

All of the major S&P 500 sectors were up except healthcare, with pharmaceutical Eli Lilly down 2.6%.

Intel helped lead the S&P 500 with a 10.2% gain after a TF International Securities analyst said the company would begin shipping Apple’s lowest-end M processor as early as 2027.

The three mai

See Full Page