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U.S. Markets Conclude Shortened Black Friday Session with Gains, Rate Cut Hopes Fueling Optimism
Stock Market News· 2025-11-28 21:07
Market Overview - U.S. stock markets closed higher on November 28, 2025, with all three major indexes extending a multi-day rally, driven by hopes for future interest rate cuts and positive economic data [1][12] - The Dow Jones Industrial Average (DJIA) rose 0.6% to 47,427.12, the Nasdaq Composite (IXIC) increased by 0.7% to 23,214.69, and the S&P 500 (SPX) gained 0.5% to 6,812.61, marking the fifth consecutive session of increases for all three benchmarks [2] Weekly Performance - For the week, the Nasdaq surged 4.9%, the S&P 500 was up approximately 3.7%, and the Dow gained about 3.2% [3] - November was mixed; while the S&P 500 and Dow extended their winning streaks to seven months, the Nasdaq ended down 1.5%, attributed to reassessment of profitability timelines for major AI companies [3] Economic Data - Initial jobless claims decreased by 6,000 to 216,000, below the consensus estimate of 229,000, indicating a strong labor market [5] - Orders for durable goods rose by 0.5% in September, missing estimates, while non-defense capital goods orders increased by 0.9%, a key indicator for business spending [5] Upcoming Events - Market participants are monitoring the potential for another interest rate cut by the Federal Reserve next month, which is a significant driver of market optimism [4] - Kevin Hassett is a key contender for the next Fed Chairman, with an announcement expected from President Trump before Christmas, which could influence monetary policy expectations [4] Individual Stock Performance - Intel (INTC) surged 10.2%, leading the S&P 500, following speculation it could become a foundry supplier for Apple (AAPL) processors [7] - Eli Lilly (LLY) shares slipped 2.6%, giving back some recent gains despite a market cap exceeding $1 trillion due to sales of weight-loss drugs [8] - Nvidia (NVDA) shares slid 1.8% amid competitive concerns, while other tech stocks like Microsoft (MSFT) and Amazon (AMZN) saw gains of 1.3% and 1.8%, respectively [9] Sector Performance - Retailers performed well on Black Friday, with Walmart (WMT), Target (TGT), and Amazon (AMZN) finishing up roughly 1% to 2% [10] - Cryptocurrency-related stocks rose as Bitcoin moved above $90,000, with Marathon Digital Holdings (MARA), MicroStrategy (MSTR), and Coinbase Global (COIN) up by 7%, 5%, and 5%, respectively [11]
Triumph Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Globenewswire· 2025-11-28 21:07
DALLAS, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Triumph (the “Company”) (NYSE: TFIN) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares (NYSE: TFIN-PR), each representing a 1/40th interest in a share of preferred stock. Holders of depositary shares will receive $0.44525 per depositary share. The dividend is payable on Dec. 30, 2025, to holders of re ...
Superior Group Of Companies: Performance May Worsen, But That Doesn't Change Things
Seeking Alpha· 2025-11-28 21:07
Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussion of the sector.Sign up today for your two-week free trial and get a new lease on oil & gas! ...
ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS SECOND QUARTER EARNINGS
Prnewswire· 2025-11-28 21:06
Accessibility StatementSkip Navigation NEW YORK, Nov. 28, 2025 /PRNewswire/ --Â AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closedend investment company, today announced earnings for the second quarter ended September 30, 2025. Total net assets of the Fund on September 30, 2025 were $993,104,684 as compared with $983,263,245 on June 30, 2025 and $989,257,215 on September 30, 2024. On September 30, 2025, the net asset value per share was $11.52 based on 86,229,677 shares of comm ...
X @Token Terminal 📊
Token Terminal 📊· 2025-11-28 21:05
Source:https://t.co/SCE8Mloq5B ...
X @Nick Szabo
Nick Szabo· 2025-11-28 21:05
RT The British Patriot (@TheBritLad)If the imaginary “far right” are the problem, then why do we need anti-car ramming barriers around Christmas markets and not mosques? 👇🤷‍♂️ https://t.co/uYGBJRjpvc ...
X @Decrypt
Decrypt· 2025-11-28 21:05
OpenAI Confirms Data Breach—Here's Who Is Impacted► https://t.co/8HFolCUw3D https://t.co/8HFolCUw3D ...
X @Bloomberg
Bloomberg· 2025-11-28 21:05
A call for the death penalty in the case of the killing of a National Guard member has revived attention on the use of capital punishment in the US. Here's what you need to know https://t.co/5t9IpcTE1H ...
X @Token Terminal 📊
Token Terminal 📊· 2025-11-28 21:05
ICYMI: The market cap of tokenized euros is at $850 million, up 9x since 2023. https://t.co/yQ8WBoh6zQ ...
MongoDB, Inc. to Present at the UBS Global Technology and AI Conference, the 53rd Annual Nasdaq Investor Conference, and Barclays 23rd Annual Global Technology Conference
Prnewswire· 2025-11-28 21:05
About MongoDBHeadquartered in New York, MongoDB's mission is to empower innovators to create, transform, and disrupt industries with software and data. MongoDB's unified, intelligent data platform was built to power the next generation of applications, and MongoDB is the most widely available, globally distributed database on the market. With integrated capabilities for operational data, search, real-time analytics, and AI- powered retrieval, MongoDB helps organizations everywhere move faster, innovate more ...