Stock Market News·2025-11-27 21:07Market Overview - The U.S. stock market is closed on November 27, 2025, for Thanksgiving, following a strong performance midweek with major indexes extending their winning streak [1] - Major U.S. benchmark indices posted solid gains on November 26, 2025, with the Dow Jones Industrial Average rising 0.67%, S&P 500 advancing 0.69%, and Nasdaq Composite increasing by 0.82% [2] Investor Sentiment - The market's upward trajectory is attributed to increasing investor confidence in a potential Federal Reserve interest rate cut in December, with an 83% to 85% probability of a 25-basis-point reduction [3] - Positive sentiment is further supported by strong performance in the technology sector and a notable surge in the cryptocurrency market, particularly Bitcoin reaching $91,500 [3] Upcoming Events - The focus shifts to the abbreviated trading session on November 28, 2025, with no major economic reports scheduled for release [4] - The Federal Reserve's meeting on December 9-10 is significant, with expectations for an interest rate cut, supported by the "Beige Book" report indicating little change in economic activity [5] Market Projections - Major financial institutions, such as JPMorgan, project continued market strength, forecasting the S&P 500 to reach 7,500 by the end of 2026, with potential growth past 8,000 if aggressive rate cuts are implemented [6] - Anticipated earnings growth for U.S. companies is projected at 13% to 15% over the next two years [6] Corporate Developments - In the technology sector, Nvidia and Microsoft were key drivers of the midweek rally, with Nvidia rising 1.4% and Microsoft gaining 1.8% [8] - Alphabet's stock surged by 6.3% earlier in the week due to enthusiasm surrounding its new Gemini AI model, although it experienced a 1% dip on Wednesday [8] - Dell Technologies closed up 5.83%, while Oracle jumped 4% after a bullish view from Deutsche Bank [8] - Other notable movements included Teradyne Inc. rising 6.98% and Newmont Goldcorp Corp. gaining 4.93%, while Deere & Company fell 5.7% due to a downbeat forecast [9] Corporate Announcements - HP Inc. plans to cut 4,000 to 6,000 jobs globally by 2028 to streamline operations and integrate AI into product development [10] - Asahi Group Holdings Ltd. reported a cyber-attack potentially leaking personal information of over 1.5 million customers [10] - Wipro announced a strategic alliance to advance research in various AI technologies [11] - IMPACT Silver Corp. reported a 24% increase in Q3 2025 revenue, driven by higher silver prices [11] - Azad India Mobility saw a 240% jump in Profit After Tax for Q2 FY26 due to rising demand for electric mobility [11]