Thanksgiving cheer arrives in the US market a day early

U.S. Thanksgiving is celebrated stateside on Thursday, but the festivities may have started a day early for investors. of S&P500, Dow Jones Industrial Average and Nasdaq Composite Both recorded increases for the fourth consecutive day.

shares of oracleAfter erasing September’s one-day spike, the stock limped along in November and has since risen about 4%. deutsche bank The recent price decline “presents an attractive entry point for investors when looking at Oracle’s business as a whole,” he said. Other technology and AI-related stocks, Nvidia and microsofta cry of sympathy arose.

“Thanksgiving week is generally a strong week for the market. Everyone feels good,” said Eric Diton, president and managing director of Wealth Alliance.

What happens after Thanksgiving could cause some pause.

Futures markets are currently pricing in an approximately 85% chance that the U.S. Federal Reserve will cut interest rates by a quarter of a percentage point in December. If expectations are too high and they are not met, the disappointment becomes even more painful.

“If the Fed is disappointed, there could be a sell-off,” Deaton said, adding, “I don’t think that will happen.”

And if White House National Economic Council Director Kevin Hassett takes over as Fed chairman when Jerome Powell vacates his seat, interest rates could trend lower still in the future, writes Bank of America economist Aditya Babe.

Loose monetary policy tends to further support stock prices, and that appears to be the idea behind the S&P 500’s optimistic target for the end of 2026. So far, the publicly available numbers are as high as 7,400, according to Sam Stovall, chief investment strategist at CFRA, and 8,000, according to JPMorgan.

Indeed, investors have a lot to be thankful for in 2025 and perhaps even next year.

US stocks rose for the fourth day in a row. Major indexes ended higher on Wednesday, boosted by technology companies such as Oracle and Nvidia. Asia-Pacific markets rose on Thursday. indian nifty 50 And the BSE Sensex rose to an all-time high.

Apple’s smartphone shipments will overtake Samsung. The company plans to ship about 243 million iPhones this year, more than the 235 million smartphones in the United States. samsungwrites Counterpoint Research. It must have been 14 years apple You will outperform your competitors.

China’s industrial profits decreased in October. Profits fell 5.5% from a year earlier, the biggest drop since June, the country’s National Statistics Office said. Trade tensions with the United States weighed on China’s exports in October.

According to MIT, AI could replace 11.7% of the US workforce. This equates to $1.2 trillion in wages across financial, medical, and professional services. The study, released Wednesday by the university, created a simulation of 151 million U.S. workers.

(PRO) Bitcoin may continue to battle headwinds. According to Compass Point, cryptocurrencies are down more than 20% in November and will likely continue to decline for the rest of the year. Here’s why investment banks take that view.