November has not been kind – or typical – for US stocks

The U.S. stock market is closed Thursday for Thanksgiving Day and will reopen on Friday at 1 p.m.

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

As Wednesday is closed, the S&P 500 It was down 0.4% for the month to date Dow Jones Industrial Average 0.29% lower in the same period and Nasdaq Composite Technology stocks stumbled in November, retreating 2.15%, significantly underperforming their siblings.

Unless there’s a big jump in stocks during Friday’s shortened trading session stateside — which might not be an obvious positive move because it would raise more questions about the market’s sustainability — that means indexes are on track to snap their winning streaks. The S&P 500 and Dow Jones Industrial Average have risen over the past six months, and the Nasdaq Composite seven.

It would also mark a departure from the historical norm. The S&P 500 has advanced Averaged 1.8% in November Since 1950, according to the Stock Traders Almanac. And in the year following a US presidential election, it typically rises 1.6%.

But this has not been a typical post-Presidential election year. It is difficult to see the market moving along any historical path in the coming months, or even years.

US futures were mostly flat on Thursday night. There was a stock market Closed during the day for Thanksgiving in US Asia-Pacific markets Traded mixed on Friday. of Japan Nikki 225 Volatile trading rose after Tokyo inflation came in hotter than expected.

Trump to suspend immigration from ‘Third World Countries’ The President of the United States is also going to do it Cancel federal benefits And subsidies to “non-citizens” in the country, he said in a social post on Thursday night. Trump did not clarify which countries will be affected.

South Korea has imposed sanctions on Prince Group. Allegedly run by a Cambodian group Large-scale fraud operations in Southeast Asia. US, UK and Singapore have also taken punitive action against the company.

Russia ready for ‘serious’ peace talks. The US-led framework “could be the basis for future agreements,” Russian President Vladimir Putin said on Thursday, as translated by Reuters. He added that America looks “Take into account” the position of Moscow.

(PRO) Bank of America doesn’t see much upside for 2026. The S&P 500 should rise by a A single-digit percentage pointThe bank’s strategist said the slowdown in recent years would be a contributing factor.

Europe’s slow and steady approach to AI may have its edge

Europe is unlikely to lead the way in building facilities for AI hyperscalers or training AI — That race is all but won — but the general consensus is that it can excel in smaller, cloud-centric and connectivity-style facilities.

Seb Dooley, senior fund manager at Principal Asset Management, said Europe “has a lot of headwinds, but really, the harder it is to replicate something, the more long-term value you have.”

– Tasmin Lockwood