Stock Market Today: Dow, S&P 500, Nasdaq Open Up on Black Friday; Amazon, Alphabet, More Movers
The stock market opened higher Friday as the S&P 500 continued its rapid recovery and battled to emerge unscathed from a volatile and eventful November.
The S&P 500 was up 0.2% shortly after the open on a shortened half-day for the market on Friday. The Dow Jones Industrial Average was 0.2% higher and the Nasdaq Composite rose 0.4%.
The S&P 500 is now down just 0.1% in November, with just a few more hours trading left this month. That’s quite the turnaround from just a week ago. The index is on a four-day winning streak, climbing more than 4% over the period–its best four-day gain since May when the U.S. and China slashed tariffs on each other’s goods.
The Dow is also close to flat for the month, while the Nasdaq is set to snap a seven-month winning streak–down around 1.7% in November.
“Despite this week’s rebound, November has still been a challenging month. Elevated valuations, particularly across tech and those at the forefront of the Artificial General Intelligence (AGI) trade, have tempered enthusiasm,” Trade Nation analyst David Morrison said in a note Friday.
Black Friday trading got off to a tumultuous start after CME Group halted trading on futures and options markets following a data-center cooling issue. The outage began in early Asian trading and was finally resolved at around 8.30 a.m. Eastern time.
But it only temporarily stopped the holiday rally. The Dow and S&P 500 are on track for their best Thanksgiving week since 2012 and for the Nasdaq since 2008. That’s plenty to be thankful for.
