On November 26th, U.S. stocks rallied during the session, with the Nasdaq index once rising over 1%.

At the close, the three major U.S. stock indices collectively rose: the Dow Jones Industrial Average increased by 0.67%, the S&P 500 index rose by 0.69%, and the Nasdaq Composite Index gained 0.82%.

Technology stocks generally advanced: Oracle rose over 4%, AMD increased over 3%, while Nvidia, Tesla, Netflix, and Microsoft each gained over 1%. Broadcom rose over 3%, reaching a historical high.

The Nasdaq Golden Dragon China Index closed down 0.03%. Popular Chinese concept stocks showed mixed performances: Bilibili and XPeng Motors fell over 2%, Baidu dropped 1.3%, while Pinduoduo rose 1.58%, and JD.com and Alibaba saw slight increases.

Major European stock indices collectively closed higher: the Euro Stoxx 50 index rose nearly 1.5%, the UK's FTSE 100 index increased over 0.8%, France's CAC 40 index gained 0.88%, Germany's DAX 30 index rose about 1%, and Italy's FTSE MIB index advanced 1.01%.

On Wednesday, international gold prices rose, with spot gold surpassing $4160 per ounce.

U.S. stock markets will be closed on Thursday for Thanksgiving and will close early at 1:00 PM ET on Friday. As of Wednesday's close, the Dow has accumulated a 2.56% gain this week, the S&P 500 has risen 3.17%, and the Nasdaq has increased 4.23%.

The market continues to focus on catalysts that could influence the Fed's next interest rate decision.

Regarding economic data released on Wednesday: U.S. initial jobless claims for the previous week fell to 216,000, below expectations. The Fed's Beige Book report on economic conditions released Wednesday indicated that U.S. economic activity changed little in recent weeks, but overall consumer spending declined further, with high-end consumers being an exception.

The Beige Book survey report showed that employment decreased slightly and prices rose moderately.

Analysis suggests that Fed officials will not receive most of the October and November labor market and inflation data until after the December FOMC meeting.

According to CME "FedWatch": The probability of a 25 basis point rate cut by the Fed in December is 84.9%, while the probability of maintaining the current rate is 15.1%. The probability of a cumulative 25 basis point rate cut by the Fed by next January is 66.4%, the probability of maintaining the current rate is 11.1%, and the probability of a cumulative 50 basis point rate cut is 22.6%.