U.S. stocks climbed for a fourth straight session as renewed strength in the tech sector and rising expectations of a December Federal Reserve rate cut boosted investor confidence. Nvidia’s strong earnings and guidance helped calm last week’s concerns about inflated tech valuations, while Dell’s upbeat revenue forecast added further momentum to the AI-driven rally. 

Comments from Fed officials signaling a more dovish stance contributed to growing market conviction, with futures now pricing in an 84.9% chance of a quarter-point cut next month. Travel-related stocks surged as airlines benefited from the year’s busiest travel day, offering a positive signal for consumer health heading into the holiday shopping season. 

Economic data showed stronger-than-expected capital goods orders and mixed labor market signals, reflecting both corporate resilience and softening consumer sentiment. 

Finsum: All eyes will be on the Fed, as the economy’s positive performance could mean no cuts before the first of the year.