On November tenth, Wall Street experienced a notable rebound, with tech giants spearheading the recovery. The S&P five hundred index regained most of its previous weeks losses, climbing one point three percent. The Dow Jones Industrial Average also rose, gaining two hundred forty-five points, while the Nasdaq composite was up two point one percent. Nvidia led the charge, with its stock surging four point eight percent, followed by Palantir Technologies, which jumped eight point nine percent. However, health insurance companies like Humana, Elevance Health, and Centene saw their stocks fall. Despite a government shutdown causing flight cancellations and delays in economic reports, the Fed is expected to continue cutting interest rates to support the job market. Strong corporate earnings, such as Tyson Foods robust profit, are helping to justify higher stock prices and build market confidence for the coming year.
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