Stocks rise Wednesday after a bullish market move in the previous session. Cathie Wood's ARK buys Google following Warren Buffett's stake in the tech titan.

Stocks closed sharply higher for a second time in as many days this holiday-shortened trading week, although Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.

Investors have worried about lofty technology valuations amid concerns over steep artificial intelligence spending.

The Dow Jones Industrial Average surged 664 points, marking a three-day winning streak, as investor focus shifted to the Federal Reserve's potential December rate cut. This sentiment was further fueled by reports of a potential Fed chair candidate favoring lower rates and comments from New York Fed President John Williams.

US stocks ended sharply higher Tuesday, building on a broad rebound fueled by growing optimism that the Federal Reserve will deliver a rate cut next month, while tech heavyweights Alphabet (GOOG, GOOGL) and Apple (AAPL) posted record highs.

Major stock indexes closed sharply higher Friday, but nevertheless posted weekly losses on concerns about AI spending and valuations of big tech firms.

The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457.

The Dow Jones recovered 800 points from the lows of the session to end with gains of 650 points. The index has now rallied 1,360 points in the last three sessions, recovering 55% of the recent 2,500-point sell-off.

US stock futures rose on Monday as rate-cut hopes steadied markets after steep November losses. Dow futures gained 0.3%. S&P 500 futures added 0.6%. Nasdaq 100 futures climbed 0.9%. The S&P 500 is still down 3.

Next year may not be a repeat of the past three years, and your portfolio can benefit tremendously from a shake-up. Dividend ETFs like SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA), Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY),

The Dow Jones (DJIA) is trading higher ahead of Thanksgiving after the Department of Labor announced that applications for initial U.S.