Wall Street's S&P 500 index (SP500) on Black Friday turned positive for November, marking an impressive rebound for the benchmark gauge from lows of as much as nearly 5% a week ago. The reversal is the largest swing from red to green in the month of November ever.

Investors are now forecasting that the Federal Reserve will cut interest rates at its next meeting, scheduled for Dec. 10.

The S&P 500 fell almost 2% this past week as fears of an AI bubble led to sharp intraday market swings.

Sharp swings in financial markets have left investors reeling in recent weeks, as questions about a potential artificial intelligence (AI) bubble collide with

Major Wall Street banks are gearing up for another strong year in emerging markets, predicting that dollar weakness and the investment explosion in artificial intelligence will offer a further boost to the asset class.

More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose 0.9%.

Futures tracking the tech-heavy Nasdaq and the blue-chip Dow resumed trading on Friday after the world's biggest exchange operator, CME Group, restored its services following an hours-long outage caused by a cooling issue at one of its data centers.

Wall Street's biggest banks see oil prices falling into the $50s or lower per barrel in 2026 and beyond, teeing up a tough year for the oil and gas industry.

Top banks see gold surging another 20% as inflation, Trump's deficit wave, and global turmoil ignite safe-haven demand.