Global Markets Boosted by Fed Rate-Cut Hopes; U.S. Markets Closed for Thanksgiving

Global markets rose on increased hopes of a Federal Reserve rate cut next month, and as investor optimism over artificial intelligence returns. U.S. markets are closed Thursday for the Thanksgiving holiday and are open for a shortened session Friday.

—U.S. Futures for the Dow Jones Industrial Index and S&P were up 0.05% and 0.06%, respectively, while the tech-heavy Nasdaq was up 0.09% ahead of the market reopen Friday. All indexes closed higher Wednesday for the fourth session in a row, boosted by Microsoft, CoreWeave CRWV 4.21%increase; green up pointing triangle and Dell.