JPMorgan Puts Out Surprising S&P 500 Price Prediction for 2026
Yahoo Finance·2025-11-26 17:03

Market Overview - U.S. markets opened with modest gains, with Nasdaq Futures leading at +0.52%, followed by S&P 500 Futures at +0.33% and Dow at +0.22% [5][6] Economic Indicators - Chicago PMI for November reported at 36.3, significantly below the consensus of 44.3, marking the second lowest reading since the pandemic and the 24th consecutive month of decline [2] - U.S. jobless claims decreased to 216,000 for the week of Nov. 22, down from 222,000 the previous week and below expectations of 225,000, indicating potential stabilization in the job market [3] - Durable goods orders for September increased by 0.5%, surpassing the expected 0.3%, driven by a 30.9% rise in defense aircraft/parts, although this growth rate was slower than the 3% gain in August [4] Company Performance Winners - Petco Health saw a significant increase of 21.9% following strong earnings reported after the previous market close [5] - Other notable gainers included Autodesk (+7.7%), Bentley Systems (+6.7%), and Oracle (+6%) [5] Losers - Nutanix experienced a sharp decline of 11.3% after disappointing earnings results [7] - Zscaler fell by 7% due to conservative guidance, while Reynolds and Workday dropped by 6.3% and 6.2% respectively, with Workday providing a weak boost to its full-year guidance [7]