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Wall Street edges higher in thin post-holiday trade
The Economic Times· 2025-11-29 04:31
Market Performance - The Dow Jones Industrial Average rose 0.61% to 47,716.42 points, the S&P 500 gained 0.54% to 6,849.09 points, and the Nasdaq Composite added 0.65% to 23,365.69 points, driven by gains in retail and a recovery in tech stocks [1][6] - The three main indexes posted weekly gains: S&P 500 rose 3.73%, Nasdaq gained 4.91%, and Dow climbed 3.18% [4][6] - The S&P and Dow turned marginally positive for the month, while the Nasdaq closed down 1.51% due to concerns about stretched AI and tech valuations [4][6] Sector Performance - All major S&P 500 sectors were up except for healthcare, with Eli Lilly down 2.6% [1][6] - Intel led the S&P 500 with a significant 10.2% gain after an analyst indicated the company would start shipping Apple's lowest-end M processor as early as 2027 [1][6] Trading Activity - The trading session was characterized by light volume post-holiday, with minimal activity noted [5][6] - Futures trading experienced a temporary disruption due to a cooling issue at CME's CyrusOne data centers, which affected global currencies, commodities, and equity contracts [5][6] Upcoming Events - The week marked the beginning of the holiday shopping season, starting with Thanksgiving, followed by Black Friday and Cyber Monday, which are critical sales days for retailers [7]