Renewed hope for another rate cut in December and refreshed faith in the AI trade carried stocks to a second day of gains to start Thanksgiving week. The Nasdaq led the S&P 500 and the Dow Jones Industrial Average higher as investors, traders and speculators await more shutdown-delayed economic data amid a slowdown for earnings flow.
Markets are closed on Thursday for the Thanksgiving holiday, while the stock and bond markets will close early on Friday. Still, the economic calendar includes initial jobless claims for the week ending November 21. We'll also see retail sales and the Producer Price Index (PPI) for September, as well as consumer sentiment data from The Conference Board on Tuesday morning.
