The major US stock indices close was solid gains led by the NASDAQ index which had its largest percentage gain since May. The S&P index had its best days since October 13.

A snapshot of the closing levels shows:

• Dow industrial average rose 202.86 points or 0.44% at 46448.27
• S&P index rose 102.13 points or 1.55% at 6705.12.
• NASDAQ index rose 598.92 points or 2.69% at 22872.01.

Fed’s Mary Daly said she was in favor of a cut in December which helped the bias. Earlier today, Fed’s Waller also advocated for a cut.

Looking at some of the big winners today (>5%):

• Broadcom (AVGO): +11.10%

• Nebius NV (NBIS): +10.35%

• SoFi Technologies (SOFI): +8.63%

• Western Digital (WDC): +8.43%

• Micron (MU): +7.99%

• Robinhood Markets (HOOD): +7.15%

• Tesla (TSLA): +6.82%

• Alphabet A (GOOGL): +6.28%

• AMD (AMD): +5.53%

• Grayscale Bitcoin Trust (GBTC): +5.47%

• Lam Research (LRCX): +5.42%

• Alibaba ADR (BABA): +5.13%

• Shopify (SHOP): +5.12%

• Bitcoin Futures (BMC): +5.08%

• MicroStrategy (MSTR): +5.01%