US stocks rise over 1.5%, Nasdaq adds 600 points

US stocks rose at the close of the Nov. 24 session, after Google renewed investor confidence in the technology sector, amid growing expectations that the Federal Reserve would cut interest rates at its meeting in December.

The Dow Jones Industrial Average gained 0.44%, or 202 points, to 46,448 at the close.

The S&P 500 added1.55%, or 102 points, to 6,705 points, while the Nasdaq Composite surged 2.69%, or 598 points, to 22,872.

The Nasdaq closed in positive territory, supported by a 6.31% jump in Alphabet’s stock to $318.58, lifting the Google parent’s market capitalization to $3.852 trillion. The advance came after the company introduced one of its new AI models, “Gemini 3,” last week.

In Europe, the Stoxx Europe 600 edged up 0.15% to 562.88 points, despite a 3.45% drop in the defense and aerospace sector.

Germany’s DAX rose 0.65% to 23,239 points, France’s CAC 40 fell 0.30% to 7,959 and London’s FTSE 100 remained stable at 9,534.

Japanese markets were closed for a public holiday marking Labor Thanksgiving Day, and will resume normal trading on Tuesday.

Brent crude for January delivery advanced 1.29%, or $0.81, to $63.37 a barrel.

US WTI crude for January delivery climbed 1.34%, or $0.78, to $58.84 a barrel.

Gold futures for December delivery fell 0.36%, or $14.7, to $4,094.2 an ounce.