CNBC Daily Open: An early Thanksgiving celebration in U.S. markets

Market Performance - The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all recorded a fourth consecutive day of gains, indicating a positive market sentiment leading into Thanksgiving [1] Company Insights - Oracle shares advanced approximately 4% following a recommendation from Deutsche Bank, which suggested that the recent price pullback offers an attractive entry point for investors [2] - Other technology and AI-related stocks, including Nvidia and Microsoft, also experienced gains in response to Oracle's performance [2] Economic Outlook - Thanksgiving week is typically strong for the markets, with positive investor sentiment noted [3] - The futures market indicates an 85% probability that the U.S. Federal Reserve will cut interest rates by a quarter percentage point in December, which could impact market performance if expectations are not met [3][4] - If the Federal Reserve does not meet expectations, a potential sell-off could occur, although some analysts believe this is unlikely [4] Future Projections - Optimistic targets for the S&P 500 by the end of 2026 have been suggested, with estimates ranging from 7,400 by CFRA Chief Investment Strategist Sam Stovall to as high as 8,000 by JPMorgan [5] - The expectation of looser monetary policy is believed to support stock prices, contributing to a positive outlook for investors in 2025 and beyond [5]