Upbeat earnings from major retailers reinforced confidence that consumers remain engaged.
Traders work on the floor of the New York Stock Exchange on Nov. 26, 2025. Spencer Platt/Getty Images
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Equities posted a sharp rebound this week as investors shifted focus toward the prospect of lower interest rates and improving economic indicators.
The advance was strongest among small-cap shares, which are generally more sensitive to changes in borrowing costs and tend to benefit more directly from a falling rate environment.
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron’s, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China’s Challenge.”
