Market Participants Thankful Ahead of the Open

Economic Indicators - Pre-market futures are positive, with major indices showing gains: Dow +77 points, S&P 500 +18, Nasdaq +107 points, and Russell 2000 flat after a +2% increase the previous day [1] - Weekly Jobless Claims reported at 216K, below expectations of 225K, indicating a resilient job market [4][3] - Continuing Claims total 1.960 million, slightly up from the previous week's revised figure, suggesting stability in longer-term jobless claims [4][5] - Durable Goods Orders increased by 0.5%, aligning with expectations, while orders excluding transportation rose by 0.6% [6] Company Performance - Deere & Co. reported fiscal Q4 results, missing earnings estimates by 3 cents at $3.93 per share, marking the first earnings miss in three years, although revenues exceeded expectations by 5.92% at $10.58 billion [8] - Shares of Deere are trading down 3.5% following the earnings report, despite a year-to-date gain of 17.6% [8] Consumer Behavior - An estimated 31 million people are expected to travel for Thanksgiving, indicating strong consumer spending on travel despite the economic climate [9]