Stock Market, Thanksgiving
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S&P 500 is up 12.3% in 2025 and the Nasdaq is up 15.3% through Nov. 21. Both beat their long-term 10% average. A 10-year review shows Thanksgiving week usually outperforms. It beat annual trends in 2024,
The U.S. stock market is heading into a shortened trading week, as investors break for Thanksgiving, with a lot riding on American consumers after a recent tumultuous stretch.
Stocks got a lift from rising hopes that the Federal Reserve will cut its main interest rate again at its next meeting in December.
Alphabet, which has been getting praise for its newest Gemini AI model, rallied 6.3% and was one of the strongest forces lifting the S&P 500. Nvidia rose 2.1%.
U.S. stocks were gearing up for a short but potentially strong trading week with Thanksgiving now just around the corner. History suggests that since 1945 the S&P 500 has posted a median gain of 0.76% during Thanksgiving week and delivered a positive return 65% of the time,
US stock futures have jumped pre-market Monday as the Fed has indicated positive sentiment towards a December rate cute.