At approximately 11:35 am (Brasilia time), the Dow Jones index rose 0.12% to 47,493.91 points, the Standard & Poor’s 500 index rose 0.24% to 6,828.63 points, and the Nasdaq index advanced 0.43% to 23,315.166 points. Among the most prominent sectors, telecommunications (+1.19%) and discretionary consumption (+0.51%) led the gains, while health (-0.40%) showed the largest decline.
With investors anticipating a rate cut at the next Federal Reserve (Fed) meeting in December, the S&P 500 is on track to have its best week since June. Despite this, stock markets are still expected to end the month on a negative note, amid market participants’ concerns about high valuations and the possibility of a bubble in the technology sector.