CNBC Daily Open: Thanksgiving cheer comes a day early for 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 during Thanksgiving week [1] Company Insights - Oracle shares increased approximately 4% following a recommendation from Deutsche Bank, which highlighted the recent price pullback as 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 - The futures market is pricing in an 85% chance that the U.S. Federal Reserve will cut interest rates by a quarter percentage point in December, which could impact market dynamics post-Thanksgiving [3] - There is a concern that if the Fed does not meet high expectations, it could lead to a market sell-off, although some analysts believe this outcome is unlikely [4] - Optimistic targets for the S&P 500 by the end of 2026 have been suggested, with estimates ranging from 7,400 to as high as 8,000, driven by expectations of looser monetary policy [5]