It will take a significant reversal in the recent trend during shortened trading on Black Friday for the stock market to fail to close out a great week.
While it has been a tough November for stocks—the S&P 500’s worst month since April—amid concerns around interest rates and the possibility that tech stocks are in an artificial intelligence (AI) bubble, this was a historic week.
Up around 3.5% since Monday, the S&P 500 is on track for its best performance in a Thanksgiving week since 2012. The tech-heavy Nasdaq Composite is up almost 4.5% over the same period, poised for its best performance in this holiday period since 2008.
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