# AI-Powered Market Rally: Tech Stocks Surge Amid Rate Cut Optimism
In today's episode, we explore Wall Street's latest AI-fueled rally as tech stocks take center stage. The Nasdaq Composite climbed 0.7% to record highs, led by artificial intelligence powerhouses, with Analog Devices jumping over 5% on semiconductor strength. All major indexes completed a three-day winning streak, with the Dow seeing 28 of 30 components finish positive, up 1.4% overall.
What's driving this optimism? Growing expectations of a December Fed rate cut, now at 85% probability according to CME data, as regional Fed presidents signal support amid labor market concerns. Rumors suggest President Trump may soon name Kevin Hassett as the next Fed chair, potentially accelerating the path to cheaper money.
Yet caution remains warranted - consumer confidence unexpectedly dropped to
This content was created in partnership and with the help of Artificial Intelligence AI