Friends
The AI trade was back in vogue today with Google leading the way higher. Market participants are still eyeing that December FOMC meeting and hoping for a rate cut, but in the meantime some bargain hunters decided that the tech/AI selloff of the past few weeks was worth wading into. At least for today anyway.
By the close, the Dow Jones Industrial Average was up 202 points to finish the day at 46,448. The S&P 500 was up 102 points to close at 6,705. The Nasdaq Composite Index was up 598 points to close at 22,872. Gold was up $50 to trade at $4,128 per ounce, while oil was up $.86 to trade at $58.92 per barrel WTI.
Remember, it’s a shortened trading week with the Thanksgiving holiday on Thursday. We do have the usual half day of trading on Friday, but folks are usually unaware that markets are open at all that day. Let’s see if the bulls can gather a little momentum into the holiday.
Have a nice evening everyone.
