Markets are pricing in higher odds for a December rate cut, fueling a major rally in stocks ahead of the Thanksgiving holiday.

This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Tuesday. This is TheStreet’s Stock Market Today for Nov.

Stock futures pointed slightly lower Tuesday, a day after major indexes surged to begin the holiday-shortened week, as Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.

U.S. stocks open mixed on Tuesday as Treasury yields fall and investors monitor if Alphabet's shares rise to a $4 trillion market cap. The Dow Jones Industrial Average opened up about 0.3% The S&P 500 was 0.

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In Tuesday's session, small caps still outperformed the major indexes, with the Russell 2000 climbing 1.9%, lifting the index above its 50-day line. Volume was higher on the Nasdaq exchange and on the New York Stock Exchange vs. Monday.

Investors drove the Dow to back-to-back record gains shrugging off concerns about an AI bubble and the lack of economic data tied to the government shutdown.

Wall Street continued its upward rally on Tuesday as all three major averages closed in the green and the Dow rose by more than 700 points.

Major stock indexes closed sharply higher Friday, but nevertheless posted weekly losses on concerns about AI spending and valuations of big tech firms.

Investors have worried about lofty technology valuations amid concerns over steep artificial intelligence spending.

Zoetis's shares are trailing the broader Dow Jones index, yet analysts still project upside, signaling confidence in the company’s long-term recovery potential.