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Wall Street Futures Rise Ahead of Thanksgiving Holiday

  US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3% . The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%) , marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified. Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December , which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment. Through the first two trading days of this holiday-shortened we...
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Trump Administration Signals Shift on Auto Tariffs

The Trump administration has announced plans to mitigate the impact of auto tariffs, aiming to ease tensions with trading partners and support domestic industries. 

Officials suggest that the move could involve reducing tariff rates or introducing exemptions for certain countries or products. This decision comes amid growing concerns about the economic repercussions of high tariffs on the automotive sector, including potential job losses and increased costs for consumers.

 While details remain unclear, the administration's shift signals a willingness to balance protectionist policies with broader economic considerations.


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