Tech Surge Boosts Stock Market Higher Heading Into Thanksgiving

The US stock market experienced a surge this week, marking its fourth consecutive day of gains and reaching new heights just ahead of Thanksgiving. Tech stocks once again dominated the performance, driving up indices like the Nasdaq, while also impacting the Dow and S&P 500. Traders exhibited a heightened risk appetite, with Bitcoin even breaking through $90,000. The market’s positive trend was fueled by both optimism over tech innovations and anticipation of potential rate cuts from the Federal Reserve. Reports on retail sales and wholesale inflation showed signs of slowing down, leading to expectations for a Fed policy change in December.