US Stocks Extend Gains as Tech Stocks Bounce, Rate Cut Bets Rise
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks advanced on Monday as tech stocks continued to recover from last week’s slump and traders geared up for a Thanksgiving week filled with data.
The S&P 500 Index closed 1.5% higher in New York, extending gains for a second-straight session. The tech-heavy Nasdaq 100 Index rose 2.6%. The Cboe Volatility Index hovered at around 21.