Thanksgiving Rally
-
Thanksgiving Optimism Boosts U.S. Markets a Day Early
U.S. stocks posted a fourth consecutive gain, led by tech names such as Oracle, Nvidia and Microsoft, as Thanksgiving optimism fuels market sentiment. Deutsche Bank sees Oracle’s dip as a buying opportunity, while futures imply an 85% chance of a Fed rate cut in December, with a potential correction if expectations aren’t met. Analysts project S&P 500 levels of 7,400‑8,000 by 2026. Meanwhile, Apple is set to outsell Samsung in smartphones, China’s industrial profits fell 5.5% YoY, MIT warns AI could replace 11.7% of U.S. jobs, and Bitcoin remains pressured. A balanced mix of high‑growth tech and resilient sectors is advised.