US stocks climbed on Friday to close a turbulent session in the green amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies.

A day after Thursday’s anxiety-inducing fake out, Friday turned into Redemption Day on Wall Street. The Dow ended the day 493 points higher, or 1.08%, after gaining as much as 800 points earlier in the day. The broader S&P 500 finished out the day 0.98% higher and the Nasdaq was up by 0.88%.

Investors' initial euphoria gave way to selling as hopes for a December rate cut faded and bitcoin continued to sell off.

The dramatic reversal in the U.S. stock market Thursday was led by technology, but the volatile trading day was seen across the S&P 500’s sectors, according to Bespoke Investment Group. “What started out yesterday as a Dr.

Thursday began with a massive rally with the Dow Jones Industrial Average up 700 points, regaining some ground after an earlier AI-related selloff. Upbeat results from retail giant Walmart helped too. But the market suddenly turned lower, and the Dow lost 300 points, leaving Wall Street wondering what the heck happened.

Stock futures rise after a volatile Nasdaq session and key jobs data. Get market insights, economic updates, and what to watch today.

The U.S. stock market appeared geared up for a rebound after Nvidia’s stronger-than-expected earnings report after th

The stock market’s fear gauge spiked to its highest levels in a month. The CBOE Volatility Index, or VIX, surged as high as 28.27 on Thursday, which was its highest intraday level since Oct. 17. It later pulled back to 26.

This article will be updated throughout the day, so check back often for more daily updates. December’s right around the corner, and with it, the next chance that the Federal Reserve might cut interest rates,

The stock's current price-to-earnings ratio of 23.6 is near its decade-low, which may explain why Buffett, a notorious stickler for a good deal, continues to scoop up shares. As long as Domino's Pizza can sustain the success it has had in years past, it's hard not to like the stock's long-term investment prospects.

Fears that expensive GPUs and semiconductor chips that firms are buying up will lose value more quickly than they expect — therefore becoming more of a cost burden and weighing on earnings — are roiling the AI trade. The Nasdaq 100 is down 6.3% over the last few weeks, while the Technology Select Sector SPDR Fund has fallen more than 9%.