Mumbai, Nov. 25 -- The S&P 500 also jumped 102.13 points (1.6%) to 6,705.12 while the narrower Dow posted a more modest gain, rising 202.86 points (0.4%) to 46,448.27.

Traders drove a rebound on Wall Street as they scooped up stocks at discounted levels, lifting major indexes after a volatile week. The Nasdaq, S&P 500, and Dow all surged on Friday, though each still recorded notable weekly losses amid lingering concerns over valuations and rate outlooks.

Optimism returned thanks to hopes for a resolution in the Russia-Ukraine conflict and dovish signals from Federal Reserve officials. Comments from Governor Christopher Waller and New York Fed President John Williams strengthened expectations for a December rate cut, with the CME Group F...