Exciting News: Dow Jones Stock Futures Soar as We Head into the Thanksgiving Holiday! By: Stock Market Charlie

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Stock futures indicated an upward trend on Wednesday, continuing the momentum from two days of significant gains at the start of the holiday-shortened week. The stock and bond markets will be closed tomorrow for Thanksgiving and will close early on Friday.

Futures for the tech-focused Nasdaq, the benchmark S&P 500, and the blue-chip Dow Jones Industrial Average increased by 0.2%, 0.2%, and 0.1%, respectively.

During the first two trading days of this shortened week, the Nasdaq rose by 3.4%, while the S&P 500 and Dow increased by 2.5% and 1.9%, respectively. Yesterday, the Dow led the market with a gain of 1.4%, or 663 points.

Despite the significant rise in major indexes yesterday, Nvidia (NVDA) and other semiconductor stocks declined following reports that Meta Platforms (META) may utilize Google's AI chips in its data centers. Nvidia's stock fell by 2.6%, while shares of Alphabet, Google's parent company (GOOGL), continued their recent rise after unveiling its advanced Gemini 3 AI model last week, increasing by 1.5%. Nvidia's shares were down an additional 1% in premarket trading, whereas Alphabet's shares were up 1%.

Shares of chipmakers Advanced Micro Devices (AMD) and Broadcom (AVGO) showed a decline of 1.5% and a fractional increase, respectively. Yesterday, AMD shares decreased by 4.1%, leading the S&P decliners, while Broadcom's shares rose by 2.6% following an 11% surge on Monday, leading both the S&P 500 and Nasdaq.

In response to earnings reports, Urban Outfitters (URBN) saw its stock surge by 15%, Dell Technologies (DELL) increased by 3%, HP (HPQ) fell by 4%, and Deere & Co. (DE) decreased by 4.5%.

The yield on the 10-year Treasury note rose slightly to 4.01% from 4.00% at Tuesday's close. Bitcoin was trading around $86,400, down from its overnight peak of approximately $88,200. The U.S. dollar index, which measures the dollar's performance against a basket of foreign currencies, increased to 99.84.

WTI crude futures, the U.S. oil benchmark, remained relatively stable at around $58 per barrel. Gold futures rose by 0.7%, reaching $4,165 per ounce.

Best Regards,

Stock Market Charlie