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Stocks advance, US yields retreat on heightened Fed cut expectations

26 November 2025 09:32 (UTC +04:00)

Global stocks climbed on Tuesday and were set for a third straight session of gains, as investors remained optimistic the Federal Reserve would cut U.S. interest rates at its December meeting, while U.S. Treasury yields declined, APA reports, citing Reuters.

On Wall Street, U.S. stocks closed higher, boosted by gains in Alphabet (GOOGL.O), opens new tab and Meta Platforms (META.O), opens new tab. The Google parent ended up 1.53% at a record close of $323.44 as it neared $4 trillion in market capitalization, which would make it only the fourth company to reach that mark.

The Information reported that Meta Platforms (META.O), opens new tab, which advanced 3.78% as the biggest lift to the S&P 500, was in talks with Google to spend billions of dollars on the Alphabet unit's chips for use in its data centers starting in 2027.

Investors also parsed a flurry of economic data, some of which was delayed due to the 43-day U.S. government shutdown.

Retail sales rose 0.2% in September after an unrevised 0.6% gain in August, the Commerce Department said, short of the 0.4% rise expected by economists polled by Reuters.

The Labor Department reported that the Producer Price Index for final demand 0.3% after an unrevised 0.1% drop in August, which matched expectations, as the cost of energy goods surged and producers passed on some tariff costs.

The Dow Jones Industrial Average (.DJI), rose 664.18 points, or 1.43%, to 47,112.45, the S&P 500 (.SPX), advanced 60.76 points, or 0.91%, to 6,765.88 and the Nasdaq Composite (.IXIC), climbed 153.59 points, or 0.67%, to 23,025.59.