U.S. stock futures edged higher Thursday night to close out a holiday-shortened trading week. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 Index (SPX) were up 0.21%, 0.17%, and 0.18%, respectively, at 8:38 p.m. EST on November 27.
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All three major indices are on track for their strongest Thanksgiving-week performance in at least 13 years. By Wednesday’s close, the Dow Jones, the S&P 500, and the Nasdaq were up 2.6%, 3.2%, and 4.2%, respectively. The gains were driven by renewed optimism in AI stocks and rising expectations for a Federal Reserve interest rate cut in December.
It must be noted that the stock market was closed on Thursday for Thanksgiving Day. Also, it will close early at 1 p.m. EST on Friday.
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