FX.co ★ US Stocks Rebound

On Tuesday, the three primary U.S. equity indices recovered from an uninspiring start to close approximately 0.3% higher, driven by gains in communication services, technology, and energy sectors. Notably, large-cap stocks mostly saw an uptick, with Nvidia advancing by 1.9%, Microsoft and Apple each increasing by 0.3%, Amazon rising by 0.8%, Meta climbing 0.3%, Alphabet increasing by 1.3%, and Broadcom moving up 1.0%. In contrast, the real estate and consumer staples sectors lagged behind. Shares of Eli Lilly experienced volatility, alternating between gains and losses, following the U.S. Food and Drug Administration's approval of Novo Nordisk's weight-loss medication. Earlier in the day, traders exercised caution while analyzing robust economic data that bolstered expectations for the Federal Reserve to maintain current interest rates in January, although it also sparked concerns that the economy's strength might postpone the anticipated rate cuts next year. A recently released report indicated that the U.S. economy grew at an annualized rate of 4.3% in the third quarter, marking the fastest expansion in two years.