US stocks ended sharply higher Tuesday, building on a broad rebound fueled by growing optimism that the Federal Reserve will deliver a rate cut next month, while tech heavyweights Alphabet (GOOG, GOOGL) and Apple (AAPL) posted record highs.

Stocks rose on Friday, with major indexes extending a winning streak for a fifth straight day. The Dow and S&P 500 also erased losses from earlier in the month and finished higher for November.

The S&P 500 closed near its Oct. 28 record, buoyed by optimism that the Federal Reserve could cut interest rates next month.

US stocks rose on Friday as Nasdaq gained 0.4%, S&P 500 climbed 0.3%, and Dow added 124 points. A cooling issue at a Chicago Mercantile Exchange data center briefly halted futures trading but was resolved by 8:30 a.

Major stock indexes closed higher Wednesday ahead of AI darling Nvidia's highly anticipated quarterly results after the bell, with the Dow Jones Industrial Average and S&P 500 snapping four-session losing streaks.

Two of the three major U.S. stock indexes were trading near the session's lows ahead of midday. The Dow Jones Industrial Average was off about 260 points, or 0.6%, near 46,889. The S&P 500 index was 0.

After all that, the Dow and S&P 500 might just end November in positive territory. It has been quite the rebound. Just over a week ago, the Dow was 3.8% down for the month and the S&P 500 was 4.4% down.