Tuesday, February 11, 2025
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To Begin The Week, Stocks Are Unchanged

Wall Street began the truncated Thanksgiving holiday week on Monday with no movement in U.S. equities.

The S&P 500 increased by 0.1% as did the Dow Jones Industrial Average. The change in the Nasdaq Composite was 0.3%.

As CEO Satya Nadella announced that former OpenAi CEO Sam Altman will be joining the tech giant to head a new AI research division, Microsoft shares increased by about 2%.

Because Thursday is Thanksgiving, U.S. markets will be closed. Additionally, Friday’s trading day will be curtailed. November continues to be the best-performing month for the S&P 500, according to the Stock Traders’ Almanack, despite volatile trading around Thanksgiving in recent years.

There are several significant market catalysts ahead, even with the short week. On Tuesday, Nvidia releases its earnings. The chipmaker, up more than 200% this year, is the best-performing stock.

After a strong weekly showing, Wall Street is recovering. Last week, the Dow added 1.9% and the S&P 500 closed 2.2% higher, giving the indexes their first three-week run since July. It was the Nasdaq Composite’s greatest week since June as it ended the week 2.4% higher.

Bullish market sentiment persists till the end of the year, especially in light of last week’s less-than-expected U.S. inflation statistics, which assuaged investor concerns over unabated prices and offered a positive signal that interest rate hikes by the Federal Reserve might be on hold.

Source (CNBC)

SourceCNBC
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