The U.S. stock market staged a strong relief rally during the shortened Thanksgiving week (November 24–28, 2025), with all major indices, including the Nasdaq, achieving significant gains. This surge was fueled by delayed economic data that indicated slowing growth and easing inflation, dramatically increasing the market's expectation for a December Federal Reserve rate cut. The resulting drop in Treasury yields benefited technology and growth stocks, as the market now anticipates Chair Powell’s speech for confirmation of this dovish sentiment.

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