US stocks climbed on Friday to close a turbulent session in the green amid rising optimism for a December interest rate cut, while bitcoin (BTC-USD) kept tumbling amid a brutal stretch for cryptocurrencies.

Sosnick told MarketWatch that the wild swings in the stock market this week underscore how fragile investor confidence has become, with Friday’s rally also appearing fleeting as the market’s underlying fundamentals have barely changed. That could spell trouble for the days ahead.

Investors' initial euphoria gave way to selling as hopes for a December rate cut faded and bitcoin continued to sell off.

The global stock market is going down today, Nov. 21, mirroring the performance of American shares on Thursday.

The dramatic reversal in the U.S. stock market Thursday was led by technology, but the volatile trading day was seen across the S&P 500’s sectors, according to Bespoke Investment Group. “What started out yesterday as a Dr.

Palantir Technologies ( PLTR 0.57%) is a cornerstone of the artificial intelligence (AI) trade, particularly among retail investors. The company has consistently crushed Wall Street's expectations, and shares have advanced 1,800% since Palantir launched its AI platform in April 2023.

Thursday began with a massive rally with the Dow Jones Industrial Average up 700 points, regaining some ground after an earlier AI-related selloff. Upbeat results from retail giant Walmart helped too. But the market suddenly turned lower, and the Dow lost 300 points, leaving Wall Street wondering what the heck happened.

The U.S. stock market appeared geared up for a rebound after Nvidia’s stronger-than-expected earnings report after th

Last month it was circularity. This month, it's depreciation.

The stock market’s fear gauge spiked to its highest levels in a month. The CBOE Volatility Index, or VIX, surged as high as 28.27 on Thursday, which was its highest intraday level since Oct. 17. It later pulled back to 26.

A day after Thursday’s anxiety-inducing fake out, Friday turned into Redemption Day on Wall Street. The Dow ended the day 493 points higher, or 1.08%, after gaining as much as 800 points earlier in the day. The broader S&P 500 finished out the day 0.98% higher and the Nasdaq was up by 0.88%.