Stocks Close Higher for Fourth Straight Week as Wall Street Celebrates Thanksgiving and Bitcoin Soars

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Source: Yahoo Finance
Stocks Close Higher for Fourth Straight Week as Wall Street Celebrates Thanksgiving and Bitcoin Soars
Photo: Yahoo Finance
TL;DR Summary

US stocks closed mixed on Friday, with the Dow Jones Industrial Average up 0.3% and the S&P 500 flat, while the Nasdaq composite fell 0.1%. All three major indices closed with gains for the fourth straight week, making November the best month for the Dow since October 2022. Retailers outperformed the market as Black Friday kicked off the holiday shopping season, with big box chains like Target and Walmart closing higher. Discord at OPEC+ kept crude prices in check, and Nvidia's stock dropped after the company delayed the launch of an AI chip in China due to US export curbs. Cryptocurrencies saw a boost, with Bitcoin rallying to its highest level since May 2022. Tesla's stock also climbed after CEO Elon Musk commented on a strike in Sweden targeting the company.

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