The Globe and Mail reports in its Thursday edition that Wall Street rose as renewed strength in technology stocks and the increasing likelihood of a U.S. interest rate cut by the Federal Reserve in December encouraged investors to buy ahead of the Thanksgiving holiday. A Reuters dispatch to The Globe reports that all three major U.S. stock indexes notched their fourth consecutive daily gains, as investors looked past the worries over inflated tech valuations that dragged all three to losses last week. Those fears ebbed in the aftermath of Nvidia's upbeat results and forward guidance, and were eased further by artificial intelligence server maker Dell Technologies' consensus-beating fourth quarter revenue forecast. The Dow Jones Industrial Average rose 314.67 points, or 0.67 per cent, to 47,427.12, the S&P 500 gained 46.73 points, or 0.69 per cent, to 6,812.61 and the Nasdaq Composite gained 189.10 points, or 0.82 per cent, to 23,214.69. "In the last few days, Wall Street has pivoted backward rather strongly to the notion that the Fed's going to cut rates in December," said Horizon Investment's Chuck Carlson. "I think that's probably the biggest impetus for the market, not just for today, but for the recent days."