New York, NY – Dow Jones futures showed a slight increase on Thursday, alongside S&P 500 futures and Nasdaq futures. The U.S. stock and bond markets remained closed for the Thanksgiving holiday. Despite a dip in major indexes on Wednesday as Treasury yields retreated, the stock market is still showing resilience.
Tech stocks like CrowdStrike, Workday, Nutanix, and Dell Technologies struggled on Wednesday due to disappointing earnings. However, Nvidia managed to stabilize after extending losses, holding on to key support levels. Meanwhile, Toll Brothers saw gains within a buy zone as homebuilders rallied on lower rates, and Warren Buffett’s Berkshire Hathaway broke out.
President-elect Donald Trump recently claimed a victory in stopping illegal migration over the Mexican border, raising hopes that his threats of imposing tariffs on Canada, Mexico, and Chinese goods may not come to fruition. These claims could have possible implications for the stock market.
In terms of market trends, Dow Jones futures rose by 0.2% compared to fair value, with S&P 500 futures and Nasdaq 100 futures also showing increases. While U.S. stock markets were closed on Thanksgiving Day, other global exchanges remained open, with ASML and other chip-equipment makers rising on positive news regarding new chip export restrictions on China.
The stock market continued its rally, although weak tech earnings and Nvidia’s struggles contributed to pre-holiday selling. Despite some declines, the key indexes are still hovering around all-time highs, showing overall market strength.
Investors are advised to monitor market trends closely, following what is working well in the market. Small and midcap stocks, along with financials and homebuilders, are currently leading the way. Running screens based on fundamental criteria and chart analysis can help investors stay objective and identify potential opportunities in the market.
Overall, the stock market is showing signs of resilience and strength, with incremental buys, add-on purchases, and strategic adjustments to the portfolio being recommended. Keeping track of market direction and staying informed about leading stocks and sectors through resources like The Big Picture can help investors make informed decisions.
For further updates and insights on the stock market, readers can follow expert analysis on platforms like Threads and Twitter. Remember to stay informed about market trends and be prepared to adapt to changing conditions in the stock market.