Palantir CEO is cashing in. Should you be nervous?

Wall Street concluded the trading session on a positive note as expectations for a Federal Reserve interest rate cut in December gained momentum. This optimism was reflected in the performance of major indices, particularly following a rebound in technology stocks after a period of volatility.

Asian stocks have extended their gains for a third consecutive day, buoyed by positive movements on Wall Street as weak U.S. consumer data has increased expectations for a Federal Reserve interest rate cut next month.

Apple has reported a record net income of $112 billion and quarterly revenue of $102.5 billion for its fiscal year, surpassing Wall Street expectations during its October 30 earnings call. This marks a significant achievement for the tech giant, reflecting strong demand for its products and services.

Navan Inc. received renewed support from Wall Street, with analysts labeling the corporate-travel and expense platform as undervalued following a significant selloff after its $923.1 million IPO last month. This shift in sentiment comes as the company seeks to stabilize its market position amidst fluctuating investor confidence.

Bitcoin and other cryptocurrencies have recently lost over $1 trillion in value, marking a significant downturn that has raised alarms among investors and rattled Wall Street. This decline is particularly notable as Bitcoin experienced its worst monthly performance since the 2022 crypto collapse, with a loss of approximately 25% in November.

Wall Street futures surged as expectations for a potential interest rate cut by the Federal Reserve in December gained traction, signaling a recovery in tech stocks. This rebound follows a week of volatility, where concerns over a tech bubble and inflation weighed heavily on investor sentiment.

Citigroup Inc.’s wealth chief has indicated that the ongoing equity bull market has potential for further growth, driven by record inflows from affluent clients this year. This optimism reflects a strong demand for investment opportunities among wealthy individuals, suggesting confidence in market conditions.

The cryptocurrency market has experienced a severe downturn, with the Fear and Greed index reflecting extreme fear at a score of 11 out of 100. Bitcoin's value has plummeted approximately 25% in November, marking its worst monthly performance since the 2022 collapse. This significant decline has raised alarms about the stability of Wall Street, as the volatility in crypto markets spills over into traditional financial sectors.