U.S. stocks rose sharply with the S&P 500 advancing 0.8% to 6,810 — marking its 33rd record close of 2025 — as traders priced in Federal Reserve rate cuts expected next week. The Dow Jones added 312 points to 47,185 while the Nasdaq rallied 1.2% led by semiconductor and AI shares. Lower Treasury yields and a weaker dollar lifted broader market sentiment. Analysts expect momentum to extend if earnings remain resilient and the Fed delivers a dovish signal on policy duration heading into November meetings.