Market indexes showed solid gains on Wednesday, with the Dow up +408 points, S&P 500 up +20 points, Nasdaq up +40 points, and Russell 2000 up +47 points. Weak jobs data has increased expectations for a 25 bps rate cut next week. After-hours earnings reports included strong performances from CRM, FIVE, and Snowflake.

Thursday’s focus will be on Weekly Jobless Claims, with Initial Claims expected at 220K. Earnings reports to watch include Kroger, Bank of Montreal, DocuSign, and Ulta Beauty. The AI revolution is evolving, with potential opportunities in lesser-known AI firms addressing major global challenges for investors to consider.

Read more at NASDAQ.: Markets Gain on Fed Rate Cut Likelihood – CRM, FIVE Beat & Raise