Wall Street opens higher on Fed rate cut optimism
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U.S. stocks are rising as Wall Street looks to build on its recent winning streak. The S&P 500 rose 0.5% in morning trading Wednesday.
Traders appear much more relaxed going into the holiday break. The Cboe Volatility index (VIX), an option-derived measure of expected S&P 500 moves, that's known as Wall Street's fear gauge, has fallen back sharply after last week's spike.
U.S. stock futures pointed to a higher open following the prior session’s broad-based gains, as delayed data boosts expectations for a Fed rate cut next month.
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US stocks moved higher on Wednesday, looking to add to a run of wins on the last day of trading before Thanksgiving as Wall Street stays upbeat on an interest-rate cut next month. At the same time, investors continue to closely watch for influences on the Federal Reserve’s next policy move,