New Delhi, Nov. 26 -- Wall Street stocks surged on Wednesday on growing optimism that the US Federal Reserve could cut interest rates in December.

Recent economic figures suggest that the US central bank may cut interest rates further.

The Federal Reserve, having already reduced rates at the previous two meetings, is due to publish its "Beige Book" later on Wednesday, outlining current economic conditions across the United States. These past two reductions were primarily motivated by mounting anxieties surrounding the weak labor market.

At 09:46 a.m. ET, the Dow Jones Industrial Average rose 280.84 points, or 0.60%, to 47,393.29, the S&P 500 gained 39.66 points, or 0.58%, to 6,804.90 and the Nasdaq Composite gained 163.29 points, or 0....