---
title: "In the U.S. stock market, the Dow Jones Industrial Average once surged nearly 2%, ultimately closing up 493 points. Alphabet rose 3%, reaching a new high"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266983000.md"
description: "Federal Reserve Bank of New York President John Williams hinted at a possible rate cut again this year, leading to a strong opening and rally in U.S. stocks on Friday. The Dow Jones Industrial Average rose by 493 points or 1.1%, closing at 46,245 points; the Nasdaq Composite increased by 195 points or 0.9%, closing at 22,273 points; and the S&P 500 index gained 64 points or 1%, closing at 6,602 points. AI stocks weakened, with Oracle falling 5.7%, and both NVIDIA and AMD fluctuating down about 1%. Eli Lilly rose 1.6% to a new high, with a market capitalization surpassing $1 trillion for the first time. Home Depot and Starbucks both rose over 3%. Major tech stocks generally performed well, with Alphabet's stock price increasing by 3.3%, reaching a record closing high. Apple rose 2%, and Meta Platforms increased by 0.9%. Tesla fell 1.1%. For the week, the Dow Jones and S&P 500 indices both declined by about 2%, while the Nasdaq dropped 2.7%"
datetime: "2025-11-21T21:05:48.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/266983000.md)
  - [en](https://longbridge.com/en/news/266983000.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266983000.md)
---

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# In the U.S. stock market, the Dow Jones Industrial Average once surged nearly 2%, ultimately closing up 493 points. Alphabet rose 3%, reaching a new high

New York Federal Reserve Bank President Williams hinted at a possible interest rate cut again this year, and U.S. stocks opened high and rose on Friday. The Dow Jones Industrial Average soared as much as 825 points or 1.8%, reaching 46,577 points, before the gains retreated, closing up 493 points or 1.1% at 46,245 points; the Nasdaq rose 195 points or 0.9% to close at 22,273 points; the S&P 500 index closed up 64 points or 1% at 6,602 points.

AI stocks weakened, with Oracle (ORCL.US) falling 5.7%, and both Nvidia (NVDA.US) and AMD (AMD.US) repeatedly declining about 1%.

Eli Lilly (LLY.US) rose 1.6% to a new high, with its market capitalization surpassing $1 trillion for the first time. Home Depot (HD.US) and Starbucks (SBUX.US), both potential beneficiaries of interest rate cuts, rose over 3%.

Large tech stocks generally performed well, with Google's Pixel phone breaking Apple's system restrictions, allowing direct file transfers with iPhones using AirDrop. Alphabet (GOOG.US) shares rose 3.3%, closing at $299.65, a new all-time closing high. Apple (AAPL.US) rose 2%, and Meta Platforms (META.US) rose 0.9%. Tesla (TSLA.US) fell 1.1%.

For the week, the Dow Jones and S&P 500 indices fell about 2%; the Nasdaq dropped even more, down 2.7%

### Related Stocks

- [The Home Depot, Inc. (HD.US)](https://longbridge.com/en/quote/HD.US.md)
- [Starbucks Corporation (SBUX.US)](https://longbridge.com/en/quote/SBUX.US.md)
- [Alphabet Inc. (GOOGL.US)](https://longbridge.com/en/quote/GOOGL.US.md)

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