Wall Street Rises as Rate-Cut Hopes Grow for December

Wall Street futures climbed as investors dial up expectations that the Fed may cut interest rates in December. 

All three major U.S. indexes extended their daily gains boosted by renewed strength in tech shares and growing confidence that borrowing costs may fall soon. 

Markets now price in nearly an 85% chance of a 25-basis-point rate cut at the upcoming Fed meeting, up sharply from last week. 

The mood shift comes after a string of soft economic signals modest retail sales, easing producer prices, and weakening consumer confidence suggesting the economy may be cooling.

For many investors, lower rates could support stock valuations once more, making borrowing cheaper and improving the outlook for growth-oriented sectors