Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2025 in New York City.
Spencer Platt | Getty Images News | Getty Images
Stocks rose on Tuesday, boosted by gains in bitcoin and technology names, as traders recovered some of the ground lost in the previous session.
The Dow Jones Industrial Average gained 185.13 points, or 0.39%, to end the day at 47,474.46. The S&P 500 climbed 0.25% to settle at 6,829.37, while the Nasdaq Composite advanced 0.59% to finish at 23,413.67.
Bitcoin rose around 7% Tuesday, recouping some of its losses from the prior day. Tech players linked to the artificial intelligence trade supported the broader market as well. AI chip darling Nvidia increased almost 1%, while AI infrastructure play Credo Technology soared 12% and hit an all-time high on the back of better-than-expected earnings.
To be sure, it’s been a topsy-turvy session for stocks. The S&P 500 and Dow briefly turned negative on the day, while the Nasdaq got close to the flatline before moving back higher.
SPX intraday
The major U.S. indexes began the week in the red, ending five-day win streaks on Monday. Risk-off sentiment has pressured the bull market in recent weeks as worries of persistent inflation, elevated valuations and returns on artificial intelligence spending weigh on investors.
Although November was a mixed month for stocks, investors are watching for catalysts that could lead to a year-end rally.
Traders are currently optimistic that the Federal Reserve will announce an interest rate cut on Dec. 10 at conclusion of its next policy meeting. Markets are pricing a roughly 89% chance of a cut during the upcoming meeting, which is much higher than the odds from mid-November, according to the CME FedWatch tool.
“Markets appear to have moved away from uncertainties surrounding Fed policy and the Dec. 10 FOMC and focusing instead on better-than-expected earnings projections for the fourth quarter and calendar year 2026, in addition to looking beyond the economic soft patch we’re currently experiencing to growth accelerating later next year,” said Doug Beath, global equity strategist at Wells Fargo Investment Institute. “Seasonality also favors stocks in December, particularly after a weak November.”
According to the Stock Trader’s Almanac, the S&P 500 averages a gain of more than 1% in December, making it the third-best month of the year for the benchmark in records going back to 1950.