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'People feel good going into the Thanksgiving holiday,' said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. Thanksgiving holiday, with interest rate sensitive momentum stocks putting the tech-laden Nasdaq in the lead.Īfter November 21's closing bell, chipmaker Nvidia reported revenue well above Wall Street expectations after the market close, but shares were off due to the company's downbeat China sales outlook.Ī spate of economic data, including jobless claims, durable goods, and consumer sentiment, suggested that the economy is softening after about 20 months of policy tightening from the Federal Reserve, but remains resilient enough to potentially avoid recession. US stocks resumed their uphill climb led by interest rate sensitive megacaps on November 22, while crude prices slid as investors digested economic data and the postponement of the OPEC+ meeting that was to take place this November 26.Īll three major US stock indexes were green ahead of the U.S.

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