Stocks Bounce Back Amid Anticipation of Fed Rate Cuts

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Dec 03 2025

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Source: NASDAQ.COM

Market Performance: The S&P 500 is up 0.18%, while the Dow Jones is up 0.47%, and the Nasdaq 100 is down 0.06%. Stock indexes recovered from early losses due to falling bond yields and expectations of a Fed interest rate cut following a weaker-than-expected ADP employment report.
Labor Market Concerns: The November ADP employment report revealed an unexpected job loss of 32,000, the largest decline in over 2.5 years, raising concerns about the labor market's strength and its implications for economic growth.
Corporate Earnings and Economic Indicators: Q3 earnings for S&P 500 companies have exceeded forecasts, with a 14.6% increase, while the ISM services index unexpectedly rose, indicating stronger service-sector activity. Market attention is on upcoming economic reports, including unemployment claims and personal spending.
Stock Movements: Chipmakers like Microchip Technology and Marvell Technology saw significant gains, while stocks like Pure Storage and Gitlab faced declines due to disappointing forecasts. Additionally, cryptocurrency-related stocks rose as Bitcoin reached a two-week high.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.