U.S. stocks rose on Wednesday (November 26), helping the major indexes notch their fourth consecutive gain right before the Thanksgiving holiday.
At the close of trading on November 26, the Dow Jones Industrial Average climbed 314.67 points (0.67%) to 47,427.12. The S&P 500 added 0.69% to 6,812.61, while the Nasdaq Composite advanced 0.82% to 23,214.69.
The market’s overall upswing was supported by shares of artificial intelligence company Oracle, which jumped 4% after Deutsche Bank reiterated its positive outlook on the stock. Nvidia shares gained more than 1%, rebounding after a recent decline, while Microsoft — another member of the “Magnificent Seven” — rose nearly 2%.
The S&P 500, Nasdaq Composite, and Dow Jones are all on track for their best weeks since late June 2025. Since the beginning of the week, the S&P 500 has risen more than 3%, while the Nasdaq Composite and Dow Jones have gained over 4% and more than 2%, respectively.
The stock market is entering its historically strongest period of the year — from November through April. As a result, investor sentiment is relatively optimistic at this time.
Stocks also finished higher on November 25 despite volatile trading, as several technology names posted stronger gains that helped lift the broader market. Alphabet shares hit a new record high following reports that Meta Platforms is considering using Alphabet’s TPU chips in 2027. However, Nvidia shares fell more than 2.5%.
Investors continue to monitor factors that could influence the Federal Reserve’s next interest rate decision. According to the CME FedWatch tool, investors are currently pricing in more than an 80% chance that the Fed will cut rates by 0.25% in December 2025.
The stock market will be closed on November 27 for the Thanksgiving holiday and will reopen on November 28, though the November 28 session will end early at 1 p.m. local time.
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