Odds of another 50 basis point rate cut at the Federal Reserve's next FOMC meeting in November hit 53% on Monday compared to 29% one week ago.

The stock is now trading 20.4% above the 14-year closing low of $18.89 on Sept. 6. That puts the stock on track for its first "bull market," which many on Wall Street define a rally of at least 20% off a bear-market low, since it peaked at a 21-month closing high of $50.76 on Dec. 27, 2023.

You probably hear about the Dow Jones Industrial Average every day. But there may be a lot about its history and make-up that you don't know.

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Trader bets, as per the CME Group’s FedWatch tool, initially favored a larger Fed move at its upcoming November meeting, after Governor Christopher Waller on Friday flagged that upcoming inflation data could undershoot the Fed’s 2% target.

U.S. stock indexes are hanging near their all-time highs in quiet trading. The S&P 500 was up 0.1% in early trading Monday. The benchmark index is coming off its fifth winning week in the last six, and is approaching its record set on Thursday.