U.S. Markets Open with Record Gains: Dow Jones and S&P 500 on the Rise

Live Opening in US Markets

Today, stocks traded on the New York stock exchange are attracting the attention of investors, with the Dow Jones index starting positively, reaching 47,923.04 points with a gain of %0.15. Similarly, the S&P 500 index increased by %0.19, rising to 6,870.08 points. The Nasdaq index managed to climb to 23,596.32 points with a gain of %0.39.

Expectations Ahead of the Fed Meeting

As the Federal Reserve (Fed) prepares for its monetary policy meeting next week, investors are closely monitoring macroeconomic data. Data released since the beginning of the week has indicated some signs of cooling in the labor market, while today’s data is expected to provide significant insights into the inflation outlook. The Personal Consumption Expenditures (PCE) price index is at the center of attention for investors as one of the most critical inflation indicators released during the government shutdown.

Continued Expectations for Interest Rate Cuts

Expectations for an interest rate cut in the upcoming meeting continue to strengthen. The probability of the Fed reducing the policy interest rate by 25 basis points at the Federal Open Market Committee meeting scheduled for December 9-10 is priced at %87.

Netflix and Warner Bros. Discovery Agreement

Meanwhile, a notable development occurred in the corporate sector. Netflix has reached a binding agreement to acquire Warner Bros. Discovery media company for a total value of 82.7 billion dollars. Following this news, Netflix’s shares experienced a decline of nearly %1, while Warner Bros. Discovery shares rose by over %2.