Stocks Rise, Tech Leads as Rate-Cut Bets Keep Rally Alive | Closing Bell

A sustained appreciation of the yen is anticipated to positively impact the South Korean won, which has been the worst-performing currency in emerging Asia this quarter. The correlation between the yen and the won is at its highest in nearly two decades, suggesting that movements in the yen could influence the won's recovery.

Gold prices have stabilized after a nearly 1% increase in the previous session, driven by rising expectations of an interest rate cut by the Federal Reserve. This sentiment reflects a growing belief among traders that the Fed may reduce rates in December, influencing the demand for gold as a safe-haven asset.

US stocks saw a notable increase on November 26, 2025, led by technology shares, as positive investor sentiment continued to drive the market upward. This rally marks a continuation of gains observed over the previous days, reflecting optimism among analysts and investors alike.

Olivier Bron, CEO of Bloomingdale's, expressed optimism about consumer spending as the holiday shopping season approaches, aiming to revitalize the brand's prestige. Burberry's CEO, Joshua Schulman, emphasized Bloomingdale's as an ideal venue to showcase Burberry's luxury offerings to a diverse audience in New York City during this festive period.

Sara Nelson, president of the Association of Flight Attendants-CWA, has highlighted that flight crews are currently understaffed and many attendants are not compensated during the boarding process. She emphasized the importance of inclusivity in air travel during an interview with Katie Greifeld and Romaine Bostick on 'The Close'.

Osaka Gas is planning to increase its investments in US gas-fired power plants, driven by the rising demand for reliable energy due to the growth of artificial intelligence and data centers. This strategic move reflects the company's response to evolving market needs and technological advancements.

The Federal Reserve's Beige Book indicates a deepening K-shaped economic recovery, highlighting disparities in growth across different sectors. This report was discussed in detail on Bloomberg Businessweek Daily, with insights from economists and financial experts ahead of the crucial December FOMC meeting.

Angelo Zino, a senior equity analyst at CFRA Research, stated that AI valuations have recently corrected themselves, leading to increased investor comfort. This assessment was shared during an interview on Bloomberg Tech with Tim Stenovec.