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

Live Opening of US Stock Markets

Today, stocks traded on the New York Stock Exchange caught the attention of investors as the Dow Jones index made a positive start, reaching 47,923.04 points with a gain of %0.15. Similarly, the S&P 500 index rose by %0.19, climbing to 6,870.08 points. The Nasdaq index succeeded in increasing by %0.39, reaching 23,596.32 points.

Expectations Ahead of the Fed Meeting

As the Federal Reserve (Fed) prepares to hold its monetary policy meeting next week, investors are closely monitoring macroeconomic data. Since the beginning of the week, the released data has shown some cooling signs in the labor market, while today's data is expected to provide important clues regarding the inflation outlook. The Personal Consumption Expenditures (PCE) price index is currently at the forefront of investors' attention as one of the most critical inflation indicators released during the government shutdown.

Expectations for Interest Rate Cuts Continue

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

Netflix and Warner Bros. Discovery Agreement

Meanwhile, there was a noteworthy development in the corporate sector. Netflix has reached a binding agreement to acquire the media company Warner Bros. Discovery for a total valuation of $82.7 billion. Following this news, Netflix's shares saw a nearly %1 decline, while Warner Bros. Discovery's shares experienced an increase of over %2.