Stocks Rise on Hopes of Moderating Rates; Nvidia Falls on China Worries
• Markets were buoyant ahead of Asia trading and the Thanksgiving holiday in the U.S., with stocks rallying on hopes of more benign interest rates • Investors seem confident the Fed may be done raising rates and could start cutting them by mid-2023 • Nvidia shares fell 2.5% on fears that widening U.S. chip curbs would hamper growth in China • A Reuters poll found experts predict modest rises for most key global stock indexes over the next year • Trading volumes were expected to be subdued for the rest of the week with U.S. markets closed Thursday