Get ready for a thrilling ride in the US stock market! On Friday, the Dow Jones jumped an exciting 662 points, a huge 1.5% rise. Why? Because New York Fed President John Williams hinted that more rate cuts might come this year. This news made investors smile and quickly lifted the mood in the market. The Nasdaq and S&P 500 also danced up 1.4%. Nvidia helped lead the charge, climbing over 1%! Why did Nvidia soar? Bloomberg News reported that the Trump administration might allow sales of the powerful H200 chips to China. But hold on — this decision isn't final yet. Still, this sparked fresh hope. John Williams said, “I view monetary policy as being modestly restrictive… I still see room for a further adjustment in the near term.” Investors took this as a sign that the Fed may cut rates again in December, which could be the third cut in 2025. Lower interest rates often boost markets because borrowing gets cheaper and people spend more. Fed funds futures showed a jump from less than 40% to over 70% chance of a rate cut. Rate-sensitive stocks like Home Depot, Starbucks, and McDonald’s bounced up as investors hoped for more spending power. Jay Hatfield, a market expert, told CNBC, “We think there definitely should be a cut… It’s going to depend on the next … employment report.” He also said the recent market drop is “a normal, seasonal, post-earnings valuation pullback,” adding that the “bubbles portion of the market [is] getting annihilated.” Even though Friday saw a powerful bounce, all three main indexes are still down this week — S&P 500 and Dow by over 1%, and Nasdaq about 2% lower. What about tech and small caps? Bitcoin slipped nearly 3% on Friday and is down over 11% for the week, hitting levels not seen since April. Hatfield asked, “The only real question is, ‘Where do we bottom out at?’” keeping traders on edge. Meanwhile, the Home Construction ETF (ITB) surged nearly 6%, aiming for its best day since July 22 as investors bet big on a December rate cut. Nvidia’s lift continued after Bloomberg’s report. Adding fuel, Raymond James restarted coverage of Nvidia with a “strong buy” rating, and AMD with “outperform.” They praised Nvidia for its “significant competitive moats” and said AMD is well-positioned to compete in GPUs, forecasting huge upsides: 51% for Nvidia and 83% for AMD. Among the top tech big shots, Alphabet outshone the rest. It rose 2% on Friday and about 7% for the week thanks to buzz around its new Gemini 3 AI and strong TPUs. CNBC noted Alphabet now leads the “Magnificent Seven” with the best yearly gain of 56%, with Nvidia in second place at 33%. Small-cap stocks also had a lively day! The Russell 2000 climbed 2.8%, cutting its weekly loss to under 1%. FAQs: Q1. Why did the US stock market rise today? A1. The market jumped mainly because Fed President John Williams suggested more rate cuts may come in December, boosting investors’ confidence. Q2. Why did Nvidia and other tech stocks go up? A2. Nvidia and tech stocks rose after reports said the US might allow H200 chip sales to China and analysts predicted strong long-term growth for these companies.