The Dow Jones Industrial Average rose about 0.9% and the S&P 500 gained 0.4% during recent trading, while the Nasdaq slipped slightly. The advance follows Monday’s 2.7% jump in the Nasdaq and 1.6% rise in the S&P, triggered by investor expectations of a potential December rate cut by the Fed. Tech names such as Alphabet Inc. continued to perform amid AI-driven momentum.

Advanced Micro Devices stock is down nearly 23% in November, pacing for its worst month since September 2022. The decline reflects investor concerns over rising memory prices, interest-rate risks and intensifying competition from Google’s AI infrastructure developments. AMD’s upcoming AI processors and data-center products are under close market watch as cloud providers expand their mix of computing hardware.