Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.1%), Nasdaq Composite (+1.4%), and DJIA (+1.7%) remain well positioned to end the week on a higher note. If the Nasdaq Composite maintains even the slightest gain into the close, it will mark the 13th consecutive higher finish, a feat not achieved since 1992.

Notably, today's rally put the potential for a December rate cut back on the table, with the implied likelihood of a reduction at that time now essentially a toss-up, up from just 30% yesterday according to the CME FedWatch tool.