A rough and historically atypical November for U.S. stocks

The US stock market was closed on Thursday in the US for Thanksgiving, and will reopen on Friday until 1pm ET.

With only about 3 hours of trading left for the month, major US indices are looking to end November in the red, based on CNBC calculations.

As of Wednesday’s close, Standard & Poor’s 500 It has decreased by 0.4% since the beginning of the month Dow Jones Industrial Average A decrease of 0.29% during the same period Nasdaq Composite Down 2.15%, significantly underperforming its peers as technology stocks stumbled in November.

Unless there is a big jump in stocks during Friday’s shortened trading session in the US – which may not be an unequivocally positive move as it will raise more questions about the market’s sustainability – it means the indices are on track to snap their winning streaks. The S&P 500 and the Dow Jones Industrial Average have risen in the past six months, and the Nasdaq Composite has seven.

It would also represent a deviation from the historical norm. The S&P 500 advanced At a rate of 1.8% in November Since 1950, according to Stock Traders’ Almanac. In the year following the US presidential election, it typically rises by 1.6%.

But it was not a typical year after the presidential election. It is difficult to see the market, in the coming months or even years, moving according to any historical path.

US futures were mostly flat Thursday night. It was the stock market Closed during the day For the Thanksgiving holiday in the United States and Europe Stokes 600 It rose by 0.14% He rebounds from his previous losses.

Alibaba’s artificial intelligence glasses are on sale. The Quark AI glasses come in two variants and cost CNY 1,899 ($268) and CNY 3,799, less than dead $799 Meta Ray-Ban display sunglassesthe signal Alibaba competitive Entering the consumer AI market.

Apple has filed a lawsuit against the Antitrust Authority of India. The Competition Commission of India investigates complaints regarding… Apple In-app purchase policies, and a company can be fined based on its global sales volume – which means a Potential fine of $38 billion.

Russia is ready to hold “serious” discussions for peace. The US-led framework “could be the basis for future agreements.” Russian President Vladimir Putin said on Thursday, according to a translation by Reuters. He added that the United States appears to be the same Take Moscow’s position “into account.”

[PRO] Bank of America doesn’t see much upside for 2026. The S&P 500 is supposed to rise by Single-digit percentage pointA strategist from the bank said this is a slowdown compared to recent years because one of the supporting factors will shrink.

Europe’s slow and steady approach to AI may be its advantage

Europe is unlikely to lead in building facilities for super-AI specialists or for training AI. This race is a win – But the general consensus is that it can excel in smaller, cloud-focused facilities and connectivity style.

Europe has “a lot of restrictions, but in reality, the more difficult it is to replicate something, the more long-term value you have,” said Seb Dooley, senior fund manager at Principle Asset Management.

-Tasmin Lockwood