Investment Week at a Glance
Stocks finished higher for the week. The Dow Jones Industrial Average rose 3.2%, the S&P 500 was up 3.7%, and the NASDAQ rose 4.9%. Foreign stocks (MSCI EAFE) were also up for the week, rising 2.6%. Bond prices were up for the week, with the 10-year U.S. Treasury ending the week at 4.01%. (Data source: Wall Street Journal)
Markets Rally into Holiday Season
After a wobbly first few weeks of November, markets rallied to close out November positive on the month. The market is back near all-time highs after the strong rally last week. Historically, December is a strong month for equity returns, up an average of 1.2% over the past 30 years and up over 71% of the time. Investors will hope this trend continues and we end 2025 on a high note. It is very likely that we will see 3 straight years of double-digit gains for the overall stock market.
Fed Meeting Next Week
The Fed will have its last meeting of the year next week, and markets are pricing in a rate cut once again. The market has had some back and forth on its expectations, but currently, there is an 87% chance of a cut. Markets may be a bit choppy if the forecast changes, and there is some key economic data coming in on Friday that may impact the Fed’s decision. Inflation data has continued to be soft enough that the Fed can cut rates, and investors are hopeful the data continues to show inflation is under control.
Intel Stock Rises on Apple Deal Rumor
Intel stock rose 10% on Friday on rumors of a chip deal being made with Apple. These rumors helped boost investor confidence about Intel’s market share in the chip space, as the AI boom has created a lot of competition. Intel has been a major winner this year as the stock is now up more than 100% for 2025. Despite the recent rise, the stock has struggled in the long term, down 22% over the past 5 years. Investors will hope this turnaround will continue into 2026. (CNBC)
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Quiz
When did the stock market first close for Thanksgiving? (Scroll Down for Answer)
- 1831
- 1873
- 1891
- 1914
Answer:
1873. Before 1873 the markets were open and treated it as a normal business day despite it being a Federal holiday beginning in 1863. Hope you had a great Thanksgiving weekend!
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