According to Deep Tide TechFlow news, on November 28, the U.S. stock market will be closed on Thursday for Thanksgiving and will reopen on Friday at 1 PM Eastern Time (2 AM Beijing time the next day). According to CNBC, with only about 3 hours of trading left this month, the main U.S. stock indices are expected to end November with a decline. As of Wednesday's close this month, the S&P 500 index has fallen by 0.4%, the Dow has dropped by 0.29%, and the Nasdaq has decreased by 2.15%. Unless the U.S. stock market sees a significant rise in the shortened trading period on Friday, the stock indices are about to end their winning streak: the S&P 500 and Dow have risen for 6 consecutive months, while the Nasdaq has increased for 7 months. This will also mark a deviation from historical norms. According to data from Stock Trader's Almanac, since 1950, the average rise for the S&P 500 index in November has been 1.8%. In presidential election years, this index typically rises by 1.6%. However, this year is not a typical presidential election year. It will be difficult to see the market follow any historical trajectory in the coming months or even years. ( Jin10 )
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Analysis: The US stock index is set to end its winning streak, rarely closing lower in November.
According to Deep Tide TechFlow news, on November 28, the U.S. stock market will be closed on Thursday for Thanksgiving and will reopen on Friday at 1 PM Eastern Time (2 AM Beijing time the next day). According to CNBC, with only about 3 hours of trading left this month, the main U.S. stock indices are expected to end November with a decline. As of Wednesday's close this month, the S&P 500 index has fallen by 0.4%, the Dow has dropped by 0.29%, and the Nasdaq has decreased by 2.15%. Unless the U.S. stock market sees a significant rise in the shortened trading period on Friday, the stock indices are about to end their winning streak: the S&P 500 and Dow have risen for 6 consecutive months, while the Nasdaq has increased for 7 months. This will also mark a deviation from historical norms. According to data from Stock Trader's Almanac, since 1950, the average rise for the S&P 500 index in November has been 1.8%. In presidential election years, this index typically rises by 1.6%. However, this year is not a typical presidential election year. It will be difficult to see the market follow any historical trajectory in the coming months or even years. ( Jin10 )