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Investor's Business Daily on MSN
Stock Market Today: Dow Positive For November, But Nvidia Slides; Delayed Inflation Data Looms (Live Coverage)
Futures trading was halted but the Dow Jones was pointed higher on the stock market today. Google, Nvidia, Tesla and Robinhood are in focus.
Stocks closed sharply higher for a second time in as many days this holiday-shortened trading week, although Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.
Investors parsed fresh economic data and doubled down on bets the Federal Reserve will cut interest rates in December.
Investor's Business Daily on MSN
Dow Jones Signals Further Gains After Holiday; ASML Leads 5 Stocks Flashing Buy Signals
Futures were halted, but stock market ETFs pointed higher after the Thanksgiving holiday. ASML and gold plays flashed buy signals.
Thanksgiving session, with the NASDAQ 100, Dow Jones Industrial Average, and S&P 500 all holding firm near support levels. Short-term pullbacks are viewed as buying opportunities, with December seasonality expected to favor further upside.
Investors have worried about lofty technology valuations amid concerns over steep artificial intelligence spending.
Wall Street ended November on a strong note, with major indexes extending winning streaks. The Dow is poised for its seventh consecutive positive month, fueled by strong expectations of a Federal Reserve rate cut.
NASDAQ moved higher amid strong demand for tech stocks. Strategy, which was up by 4.3%, was among the biggest gainers in the NASDAQ index today. The stock gained ground as Bitcoin climbed above the $90,000 level.
Through the end of November, the year-to-date total return of the Dogs of the Dow equals 20.96%, outpacing the Dow Jones Industrial Average (DIA) return of 13.86% and outpacing the broader