Stocks Rally in Abbreviated Session, Extending Winning Streak
In an abbreviated post-Thanksgiving stock market session, small caps and the IBD 50 index outperformed, with the Nasdaq closing slightly lower and the S&P 500 edging up. The Dow Jones Industrial Average rose, and the Russell 2000 jumped. Nvidia faced a setback as it delayed the launch of a new AI chip, while iRobot soared after news of Amazon's $1.4 billion deal to acquire the company winning full EU antitrust approval. Amazon faced a Black Friday strike by warehouse workers and drivers in multiple countries. Vista Outdoor saw gains after firearms maker Colt CZ Group offered to acquire the company. The Innovator IBD 50 ETF rose, and Novo Nordisk broke out in heavy volume.