Thanksgiving Week Trading: Stock Futures Open with Minimal Change
U.S. equity futures opened little changed as the Thanksgiving holiday week began, with major averages coming off their third straight winning performance. The S&P 500 closed higher by 2.2% last week, marking the first three-week streak since July. Traders are anticipating Nvidia's earnings and forward guidance, while concerns linger about the company's valuation. The sudden ouster of OpenAI's former CEO and resignations of other top executives have raised broader concerns about the future of the AI industry. Trading around Thanksgiving has been choppy in recent years, but November remains the best-performing month for the S&P 500.