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Wall Street Futures Rise Ahead of Thanksgiving Holiday

  US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3% . The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%) , marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified. Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December , which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment. Through the first two trading days of this holiday-shortened we...
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Wall Street Closes 12th Winning Week in Last 13 Despite Mixed Finish

 

Wall Street closed its 12th winning week in the last 13 despite a mixed finish on Friday. The S&P 500 finished nearly unchanged for the day, down 0.36, or less than 0.1%, at 4,719.19. The Dow Jones Industrial Average rose 0.2% to 36,329.84, while the Nasdaq composite fell 0.5% to 15,965.50. The mixed finish came after a week of strong earnings reports from major companies, including Apple, Microsoft, and Alphabet. The reports helped push the S&P 500 to a new record high earlier in the week. However, concerns about inflation and rising interest rates weighed on the market, leading to a mixed finish on Friday.

Despite the mixed finish, the stock market has been on an upward trend, with Wall Street closing its 12th winning week in the last 13. The strong earnings reports from major companies have helped boost investor confidence, leading to a surge in the S&P 500 index. However, concerns about inflation and rising interest rates have also been on the rise, leading to a mixed finish on Friday.

Overall, the stock market has been performing well, with investors optimistic about the future. While there are concerns about inflation and rising interest rates, the strong earnings reports from major companies have helped boost investor confidence. As we move forward, it will be interesting to see how the stock market performs in the coming weeks and months.

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