The US stock market indexes closed sharply higher on 30 Nov after Federal Reserve Chair Jerome Powell signaled a potential slowdown in interest-rate hikes
Investors cheered as the CME FedWatch Tool showed a 75% chance that Fed will raise interest rates by 50 bps at its December meeting
An increase or decrease of 20% or more from the current level in an index is defined as entering a bull/ bear market. The S&P, and Nasdaq remains in bear markets