Traders work on the floor at the New York Stock Exchange (NYSE) on November 26, 2025 in New York City, US.
Brendan McDermid | Reuters
Stocks rose on Wednesday, allowing the major averages to log their fourth straight day of gains ahead of the Thanksgiving holiday.
This Dow Jones Industrial Average Ended at 47,427.12, up 314.67 points or 0.67%. This S&P 500 rose 0.69% to settle at 6,812.61, while Nasdaq Composite 0.82% to close at 23,214.69.
Broad market gains were fueled by artificial intelligence players Oraclewhich rose nearly 4% after Deutsche Bank supported his bullish stance on the name. Nvidia Shares advanced more than 1% after recovering from a recent pullback, while fellow “Magnificent Seven” member Microsoft It traded about 2% higher.
“The risk-off action we took in the last week or two is just a snapback, which was completely normal,” said Eric Deaton, president and managing director of The Wealth Alliance. “Thanksgiving week is usually a strong week in the markets. Everybody feels good.”
The S&P 500, Nasdaq and Dow are heading for their best weeks since late June. The broad-based index is up more than 3% for the week to date, while the tech-heavy Nasdaq and blue-chip Dow are up more than 4% and 2%, respectively, in the weekly period.
“We are also coming into the best phase of the year for stocks – November to April,” he continued. “It’s hard not to be bullish here.”
Stocks had a winning session on Tuesday despite choppy trading, with many tech stocks climbing higher to lift the broader market. Alphabet hit a fresh record high A report That Meta Platforms is looking to use Google’s parent TPU chips in 2027. Chipmaker Nvidia However, a decline of more than 2.5%.
Investors continue to monitor the catalysts that could affect the Federal Reserve’s next interest rate move. Traders are pricing in a more than 80% chance of a quarter percentage point cut from the Fed in December. CME FedWatch Tool.
“If the Fed depresses, you can sell,” Deaton told CNBC. “I don’t think they will.”
Taking a step back, November has proved to be a difficult month for stocks. While the three major averages trimmed monthly losses with this week’s gains, all are still on track for a losing month as concerns over elevated valuations have cooled momentum behind some high-flying tech stocks. The S&P 500 and Dow are both marginally lower on the month, while the Nasdaq is down more than 2%.
The stock market will be closed for Thanksgiving on Thursday. Trading will resume with a short session on Friday, when the market closes at 1 p.m. ET.