Rally Returns for the Holiday Week
A Strong Start to a Short Week
Stocks kicked off the week with a broad rally, easing worries after a bruising November. While the month is still on pace to be the worst November since the Great Recession, Monday gave investors something to be thankful for.
Index Close Change:
Index
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Dow Jones 46,448.27 +0.44%
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$S&P 500(.SPX)$ 6,705.12 +1.55%
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Nasdaq 22,872.01 +2.69%
The Nasdaq led decisively, fueled by tech optimism and continued confidence in AI-driven growth.
AI and Tech Sentiment Back in Focus
Strength in Big Tech fundamentals heading into 2026, noting that Google’s Gemini 3 AI model helped re-energize optimism around the sector $Alphabet(GOOGL)$
Gemini 3 AI model
With investors still dissecting Nvidia’s blockbuster earnings, the market appears to view AI not as a short-term hype cycle, but as a lasting economic driver. $NVIDIA(NVDA)$ $Palantir Technologies Inc.(PLTR)$
Earnings have supported that view:
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95% of S&P 500 companies have reported
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EPS growth for Q3: ~13% (vs. 7.4% forecast)
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Revenue growth: 8.4%
Corporate America hasn’t just cleared expectations, it’s racing past them.
Winners & Losers
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Hot Stock $Broadcom(AVGO)$ +11.1%
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Biggest Loser $Carnival(CCL)$ -6.8%
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Best Sector Technology +2.5%
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Worst Sector Consumer Staples -1.2%
Holiday Travel: Record-Breaking & Market-Relevant
The FAA expects the busiest Thanksgiving travel period in 15 years, with 360,000 flights scheduled and 52,000 on Tuesday alone.
Thanksgiving travel
End of the shutdown spurred a wave of last-minute bookings, boosting travel sentiment, and potentially airline stocks. However, airlines still lag the broader market this year and face questions about:
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Post-shutdown financial impact
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Route adjustments
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Nationwide air-traffic controller shortage
📅 Key Events
Earnings from: Alibaba, Best Buy, Dell, HP, J.M. Smucker, Nutanix, Urban Outfitters, Workday, Zscaler, and more.
Economic data to watch:
Census Bureau Key consumer health indicator PPI (Sept) BLS Inflation insights Home Price Index (Sept) S&P CoreLogic Housing pressure gauge Consumer Confidence (Nov) Conference Board Expected to slip to 93.3.
With just two trading days before Thanksgiving, these numbers could set the tone for the rest of the month, before many traders head for the exits.
🎯 BOTTOM LINE
Monday’s rally didn’t just lift stocks, it improved sentiment during a volatile month. AI optimism and strong earnings are acting as the market’s safety net. If today’s data supports consumer strength and cooling inflation, the market could finish November stronger than expected…
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