Stock indexes are on the rise today, with the S&P 500, Dow Jones, and Nasdaq 100 all posting gains. Semiconductor stocks are strong, while bond yields are also increasing. Market seasonals are bullish, with December typically seeing positive trends. The 10-year T-note hit a 2-week high at 4.12%.

President Trump plans to announce the new Fed Chair in early 2026. Kevin Hassett is a likely choice, raising concerns about Fed independence. Economic focus is on US data, with personal spending and income figures expected to rise. The Fed’s preferred inflation measure is also anticipated to climb, with a rate cut likely in December.

Overseas markets show mixed results, with Euro Stoxx 50 and Shanghai Composite up, while Nikkei Stock 225 is down. T-notes are down, with yields rising to 4.116%. European bond yields are higher, and Eurozone GDP grew slightly. German factory orders also increased.

Chip makers see gains today, boosting the market. Cryptocurrency-exposed stocks, however, are under pressure. Rubrick and Ulta Beauty lead gainers, while Cooper Cos and Humana also see positive movements. Parsons Corp faces a significant drop, while SentinelOne, Oklo Inc, and SoFi Technologies also decline.

Read more at Nasdaq: Stocks Push Higher on Economic Confidence and Expected Fed Rate Cuts