Dow Rallies, Overcoming Nvidia Slump
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Indeed, JPMorgan Chase analysts estimate U.S. large-cap stocks will return 6.7% annually over the next 10 to 15 years. And Goldman Sachs analysts estimate the S&P 500 will return 6.5% annually over the next decade, with downside and upside scenarios from 3% annually to 10% annually.
According to the stock market holiday list on the New York Stock Exchange (NYSE), the US stock market will remain closed on Thursday, 27 November 2025, on the account of Thanksgiving holiday.
The Dow Jones Industrial Average surged 664 points, marking a three-day winning streak, as investor focus shifted to the Federal Reserve's potential December rate cut. This sentiment was further fueled by reports of a potential Fed chair candidate favoring lower rates and comments from New York Fed President John Williams.
Markets are pricing in higher odds for a December rate cut, fueling a major rally in stocks ahead of the Thanksgiving holiday.
The rally in the stock market on Wednesday morning has put the Dow Jones Industrial Average on pace to finish above 48,000 for the first time on record. Wednesday marks just three trading days since the Dow's last 1,000-point milestone. If sustained, that ...
Stocks closed sharply higher for a second time in as many days this holiday-shortened trading week, although Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.
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Dow, S&P 500, and Nasdaq futures rising in premarket trading as the stock market recovers from a selloff amid AI bubble fears.
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Is Progressive Stock Underperforming the Dow?
Despite Progressive’s recent underperformance relative to the Dow, analysts remain moderately optimistic about the stock’s prospects.