Wall Street Eyes Fifth Day Of Gains, Silver Hits Record Highs At $55: What's Moving Markets Friday?

<p>Stocks were rising again midday Friday, putting Wall Street on pace for a fifth straight day of gains as rate cut hopes surged and risk appetite returned across <a href="https://www.benzinga.com/markets">tech, crypto and commodities.</a></p>



<p>Traders now see an 88% chance the <strong>Federal Reserve </strong>will cut interest rates by 25 basis points at its Dec. 10 meeting, up from just 50% last week, according to CME FedWatch data.</p>



<p>At midday, the <strong>S&amp;P 500</strong> was up 0.4% to 6,840, sitting just 1% below its all-time high and heading for its strongest five-day rally since May. The <strong>Nasdaq 100</strong> climbed 0.6% above 25,340, while the <strong>Dow Jones Industrial Average</strong> added 300 points to trade near 47,730, eyeing a record-high close.</p>



<p><strong>Intel Corp.</strong> <a href="https://www.benzinga.com/quote/INTC" target="_blank" class="ticker-link" data-ticker="INTC" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/INTC">INTC</a>)</a> led the S&amp;P 500, jumping nearly 8%, as dip-buying returned to November&#8217;s beaten-down tech names.</p>



<p>Crypto-related stocks saw sharp intraday gains after <strong>Bitcoin</strong> <a href="https://www.benzinga.com/quote/BTC-USD" target="_blank" class="ticker-link" data-ticker="BTC" data-exchange="CRYPTO" rel="noopener">(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</a> steadied near $90,000. <strong>Circle Internet Group Inc. </strong><a href="https://www.benzinga.com/quote/CRCL" target="_blank" class="ticker-link" data-ticker="CRCL" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CRCL">CRCL</a>)</a> rose 10%, <strong>Coinbase Global Inc.</strong> <a href="https://www.benzinga.com/quote/COIN" target="_blank" class="ticker-link" data-ticker="COIN" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/COIN">COIN</a>)</a> gained 3.5% and<strong> Strategy Inc</strong>. <a href="https://www.benzinga.com/quote/MSTR" target="_blank" class="ticker-link" data-ticker="MSTR" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MSTR">MSTR</a>)</a> added 2.2%.</p>



<p>Metals markets extended a blistering rally. <strong>Silver</strong> surged nearly 5% to an all-time high of $55.80 as Chinese inventories hit their lowest levels in a decade due to increased exports to London amid tight supply. Year-to-date, silver is now up 93% — on track for its best year since 1979. <strong>Gold</strong> was also higher, rising 1% to $4,200.</p>



<p><strong>Copper </strong>gained 2.5% to $5.30 per pound, driven by persistent supply issues. It&#8217;s now up 31% on the year, its strongest performance since 2010.</p>



<p>Energy-related commodities also notched robust gains on Friday. <strong>Natural gas </strong>prices at the Henry Hub facility jumped 4.5% to $4.80 per million British thermal units, marking a new three-year high.</p>



<p><strong>Crude oil</strong> climbed 1.5% as momentum from earlier losses faded. Optimism over a Russia-Ukraine peace deal cooled, with markets adjusting expectations and trimming short positions.</p>



<p><strong>Read also: <a href="https://www.benzinga.com/markets/equities/25/11/49115490/sp-500-lowest-pe-stocks-most-undervalued-equities-2025">These 10 S&amp;P 500 Stocks Are Dirt Cheap This Black Friday</a></strong></p>



<h2 class="wp-block-heading"><strong>Friday&#8217;s Performance In Major US Indices, ETFs</strong></h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td><strong>Major Indices</strong></td><td><strong>Price</strong></td><td><strong>1-day % Change</strong></td></tr><tr><td>Dow Jones</td><td>47,761.98</td><td>0.7%</td></tr><tr><td>Nasdaq 100</td><td>25,394.23</td><td>0.6%</td></tr><tr><td>S&amp;P 500</td><td>6,844.19</td><td>0.5%</td></tr><tr><td>Russell 2000</td><td>2,494.57</td><td>0.3%</td></tr></tbody></table><figcaption class="wp-element-caption"><em>Updated by 12:10 p.m. ET</em></figcaption></figure>



<p><strong>According to&nbsp;</strong><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><strong>Benzinga Pro</strong></a><strong>&nbsp;data:</strong></p>



<ul class="wp-block-list">
<li>The&nbsp;<strong>Vanguard S&amp;P 500 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VOO">VOO</a>) rose 0.5% to $628.02.</li>



<li>The&nbsp;<strong>SPDR Dow Jones Industrial Average</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/DIA">DIA</a>) rallied 0.7% to $477.49.</li>



<li>The tech-heavy&nbsp;<strong>Invesco QQQ Trust Series</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/QQQ">QQQ</a>)&nbsp;rose 0.6% to $617.91.</li>



<li>The&nbsp;<strong>iShares Russell 2000 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/IWM">IWM</a>) gained 0.4% to $248.34.</li>



<li>The&nbsp;<strong>Energy Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLE">XLE</a>) outperformed, up 1.3%; the&nbsp;<strong>Health Care&nbsp;Select Sector SPDR Fund</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/XLV">XLV</a>) lagged, down 0.6%.</li>
</ul>



<h2 class="wp-block-heading"><strong>Russell 1000&#8217;s Top 5 Gainers and Losers On Friday</strong></h2>



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th><strong>Stock Name</strong></th><th><strong>Change %</strong></th></tr></thead><tbody><tr><td><strong>Circle Internet Group Inc.</strong></td><td>+11.40%</td></tr><tr><td><strong>Intel Corp.</strong></td><td>+8.68%</td></tr><tr><td><strong>Coherent Corp</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/COHR">COHR</a>)</td><td>+7.54%</td></tr><tr><td><strong>Shift4 Payments Inc. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/FOUR">FOUR</a>)</td><td>+5.47%</td></tr><tr><td><strong>Reddit Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RDDT">RDDT</a>)</td><td>+4.84%</td></tr></tbody></table></figure>



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th><strong>Stock Name </strong></th><th><strong>Change %</strong></th></tr></thead><tbody><tr><td><strong>AngloGold Ashanti plc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/AU">AU</a>)</td><td>−5.07%</td></tr><tr><td><strong>RLI Corp</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/RLI">RLI</a>)</td><td>−3.15%</td></tr><tr><td><strong>Eli Lilly and Co</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/LLY">LLY</a>)</td><td>−2.80%</td></tr><tr><td><strong>Medpace Holdings Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MEDP">MEDP</a>)</td><td>−2.69%</td></tr><tr><td><strong>Halozyme Therapeutics Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/HALO">HALO</a>)</td><td>−2.51%</td></tr></tbody></table></figure>



<p><strong>Read Now: </strong></p>



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<li><a href="https://www.benzinga.com/markets/economic-data/25/11/49113424/kevin-hassett-trump-fed-chair-pick-jerome-powell-monetary-policy-market-impact-reactions"><strong>Hassett Emerges As Trump&#8217;s Top Fed Pick — Here&#8217;s What A Dovish Shift Could Mean For Markets</strong></a></li>
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<p><em>Photo: Shutterstock</em></p>



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