Thanksgiving cheer comes a day early for US markets

Thanksgiving in the US falls stateside on Thursday, but the feast may start a day earlier for investors. This S&P 500, Dow Jones Industrial Average And Nasdaq Composite All posted gains for the fourth straight day.

of shares Oraclewhich has been done Hobbling along in November After erasing it A one-day spike in SeptemberThen moved up about 4% Deutsche Bank said its recent price pullback “presents an attractive entry point for investors when looking at Oracle’s business as a whole.” Other technology and AI-related stocks, viz Nvidia And MicrosoftA rose in sympathy.

“Thanksgiving week is usually a strong week in the markets. Everyone feels good,” said Eric Ditton, president and managing director of The Wealth Alliance.

It’s what happens after Thanksgiving that can cause some pause.

This futures market There is now about an 85% chance that the US Federal Reserve will cut interest rates by a quarter percentage point in December. When expectations are too high – and not met – the disappointment will be even more painful.

“If the Fed depresses, you could have a selloff,” Ditton said — but added, “I don’t think they will.”

And so does White House National Economic Council Director Kevin Hassett Assume the role of Fed Chairman Bank of America economist Aditya Bhave wrote that when Jerome Powell vacates his seat, rates may even go lower in the future.

Looser monetary policy tends to provide more support for stocks — that perception appears to be behind optimistic targets for the S&P 500 through the end of 2026. So far, the numbers that have been floated are: 7,400 from CFRA Chief Investment Strategist Sam StovallAnd As high as 8,000 from JPMorgan.

Investors really have a lot to be thankful for in 2025 – and possibly next year as well.

US stocks rose for fourth straight day. Major indices closed higher on Wednesday, Picked up by technology companies such as Oracle and Nvidia. Asia-Pacific markets advanced on Thursday. of India Nifty 50 And the BSE Sensex climbed to a record high.

Apple to surpass Samsung in smartphone shipments. The company will Ship about 243 million iPhones this yearof more than 235 million smartphones SamsungWrote counterpoint research. It will be the first time in 14 years Apple will leave his opponent behind.

China’s industrial profits fell in October. Earnings fell 5.5% The biggest slide since June, a year earlier, according to the country’s National Bureau of Statistics. China’s exports came under pressure in October due to trade tensions with the US.

AI could replace 11.7% of US workforce, says MIT It is equivalent $1.2 trillion in wages Across finance, health care and professional services. The study, released Wednesday by the university, simulated 151 million US workers.

(PRO) Bitcoin may continue to battle headwinds. The cryptocurrency fell more than 20% in November and will likely continue its descent for the rest of the year, according to Compass Point. Here’s why This is the opinion of the investment bank.