Newscasts - Wall Street stocks post fourth-straight session of gains

Urban Outfitters

26/11/2025 23:07

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Source: 'Reuters - Business videos'

Description: Wall Street extended its rally on Wednesday as revived tech strength and the increasing probability of a December interest rate cut from the U.S. Federal Reserve put investors in a buying mood the day before the Thanksgiving holiday. Lisa Bernhard has more.

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Video Transcript:

US stocks ended higher on Wednesday, with the Dow and S&P 500 gaining more than 0.6%, and the NASDAQ adding about 0.8%. All three indexes notched their fourth consecutive daily gains as investors looked past worries over inflated tech valuations that dragged all three to losses last week. Those fears were eased further on Wednesday by Dell's consensus-beating fourth-quarter revenue forecast, which sent its shares up nearly 6%. Leah Bennett is Chief Investment Strategist at Concurrent Investment Advisors.

Part of the reason the market is up today, you had Dell come out and raise guidance and estimates and kind of gave more assurance on the AI trade so you're seeing a lot of those stocks up. And then there were really pretty poor expectations for the retailers coming into this season. You've actually seen some beat expectations, albeit low expectations, but you've seen better earnings and guidance from those companies as well. So, I think that's leading to the pick-up in the market.

Urban Outfitters was among those retailers that beat expectations, sending its shares up 13.5%. Among other movers, human resources software firm Workday slid about 8% after the company reported third-quarter subscription revenue in line with estimates. And shares of Deere slid more than 5.5% after forecasting weaker-than-expected annual profit, weighed down by tariff effects. US financial markets are closed Thursday for the Thanksgiving holiday.