{"id":48461,"date":"2024-11-26T19:01:35","date_gmt":"2024-11-26T19:01:35","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/"},"modified":"2024-11-26T19:01:35","modified_gmt":"2024-11-26T19:01:35","slug":"stock-market-recap-why-was-the-market-up-today-november-26-2024","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/","title":{"rendered":"Stock Market Recap: Why Was the Market Up Today? &#8211; November 26, 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Major_Indexes_Close_Mixed_as_Earnings_and_Trade_News_Drive_Market_Movement\" >Major Indexes Close Mixed as Earnings and Trade News Drive Market Movement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#S_P_500_and_Nasdaq_Extend_Winning_Streak\" >S&#038;P 500 and Nasdaq Extend Winning Streak<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Dow_Jones_Retreats_from_Record_High\" >Dow Jones Retreats from Record High<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Retail_Earnings_in_Focus\" >Retail Earnings in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Tech_Sector_Strength_and_Upcoming_Earnings\" >Tech Sector Strength and Upcoming Earnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Trade_Policy_Concerns_Impact_Auto_Stocks\" >Trade Policy Concerns Impact Auto Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Healthcare_Sector_Developments\" >Healthcare Sector Developments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Cryptocurrency_and_Commodities_Update\" >Cryptocurrency and Commodities Update<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Looking_Ahead_Market_Events_to_Watch\" >Looking Ahead: Market Events to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-recap-why-was-the-market-up-today-november-26-2024\/48461\/#Conclusion_Market_Resilience_Amid_Mixed_Signals\" >Conclusion: Market Resilience Amid Mixed Signals<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Close_Mixed_as_Earnings_and_Trade_News_Drive_Market_Movement\"><\/span>Major Indexes Close Mixed as Earnings and Trade News Drive Market Movement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock market showed mixed performance on Tuesday, November 26, 2024, as investors digested a flurry of earnings reports and reacted to potential trade policy changes. <b>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> and Nasdaq Composite closed up 0.4% and 0.6% respectively, while the <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average ended the day down 0.2%<\/b>. This market recap highlights the key factors influencing <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">today&#8217;s stock market<\/a> performance and looks ahead to upcoming events that could impact trading in the near future.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"S_P_500_and_Nasdaq_Extend_Winning_Streak\"><\/span>S&#038;P 500 and Nasdaq Extend Winning Streak<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The S&#038;P 500 continued its upward trajectory, marking its sixth consecutive day of gains. This positive momentum reflects ongoing investor optimism despite some economic uncertainties. The tech-heavy Nasdaq Composite also performed well, buoyed by gains in large-cap technology stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dow_Jones_Retreats_from_Record_High\"><\/span>Dow Jones Retreats from Record High<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While the <b>Dow Jones Industrial Average set a record closing high on Monday<\/b>, it retreated slightly in Tuesday&#8217;s session. The decline was primarily driven by a significant drop in Amgen (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMGN\">AMGN<\/a>) shares, which fell 8% following disappointing trial results for a weight loss drug.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Retail_Earnings_in_Focus\"><\/span>Retail Earnings in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Earnings reports from major retailers were a key focus for investors today:<\/p>\n<p>&#8211; Dick&#8217;s Sporting Goods (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DKS\">DKS<\/a>) shares rose about 1% after initially gaining 7% on its quarterly results.<br \/>&#8211; Best Buy (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BBY\">BBY<\/a>) stock tumbled 7% after missing profit and sales estimates and slashing its guidance.<br \/>&#8211; Kohl&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=KKS\">KKS<\/a>) shares plummeted 18% on poor results and the announcement of CEO Tom Kingsbury&#8217;s departure.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Sector_Strength_and_Upcoming_Earnings\"><\/span>Tech Sector Strength and Upcoming Earnings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Large-cap tech companies showed strength across the board:<\/p>\n<p>&#8211; Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) rebounded 1% after a 4% decline on Monday.<br \/>&#8211; Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>), Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>), Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>), Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>), Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>), and Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) all posted gains.<\/p>\n<p>Investors are eagerly awaiting earnings reports from Dell Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DELL\">DELL<\/a>), CrowdStrike (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRWD\">CRWD<\/a>), Workday (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WDAY\">WDAY<\/a>), and HP (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HPQ\">HPQ<\/a>), scheduled for release after the closing bell.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Policy_Concerns_Impact_Auto_Stocks\"><\/span>Trade Policy Concerns Impact Auto Stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>News of potential trade policy changes under the incoming administration affected several stocks:<\/p>\n<p>&#8211; General Motors (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GM\">GM<\/a>) shares fell more than 8% following reports of possible tariffs on imports from Mexico and Canada.<br \/>&#8211; Ford (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>) and Stellantis (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=STLA\">STLA<\/a>) also saw declines of 2% and 5% respectively.<br \/>&#8211; The iShares MSCI Mexico (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=EWW\">EWW<\/a>) and Canada (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=EWC\">EWC<\/a>) ETFs were down 3% and 1% respectively.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Healthcare_Sector_Developments\"><\/span>Healthcare Sector Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The healthcare sector saw significant movements:<\/p>\n<p>&#8211; Eli Lilly (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LLY\">LLY<\/a>) and Novo Nordisk (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVO\">NVO<\/a>) shares rose 6% and 2% respectively on news of potential expanded Medicare coverage for weight loss treatments.<br \/>&#8211; Amgen&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMGN\">AMGN<\/a>) 8% decline weighed heavily on the Dow Jones Industrial Average.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cryptocurrency_and_Commodities_Update\"><\/span>Cryptocurrency and Commodities Update<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8211; Bitcoin (BTCUSD) traded around $93,700, retreating from its recent record high of nearly $100,000.<br \/>&#8211; <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> futures rose 0.5% to approximately $2,630 an ounce.<br \/>&#8211; Oil futures also gained about 0.5%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Events_to_Watch\"><\/span>Looking Ahead: Market Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we move towards the Thanksgiving holiday, investors should keep an eye on:<\/p>\n<p>1. The remaining tech earnings reports this week.<br \/>2. Any further developments in trade policy discussions.<br \/>3. Upcoming economic data releases that could influence Federal Reserve policy decisions.<br \/>4. Consumer spending trends as the holiday shopping season begins.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Market_Resilience_Amid_Mixed_Signals\"><\/span>Conclusion: Market Resilience Amid Mixed Signals<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite some sector-specific challenges and ongoing economic uncertainties, <b>the stock market demonstrated resilience on Tuesday<\/b>. The continued strength in tech stocks and the S&#038;P 500&#8217;s winning streak suggest that investor confidence remains relatively high. However, the mixed performance across different indexes and sectors highlights the importance of staying informed about company-specific news and broader economic trends in this dynamic market environment.<\/p>\n<p>As we approach the end of the year, market participants will be closely monitoring holiday sales figures, year-end economic data, and any potential policy shifts that could shape the investment landscape in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Close Mixed as Earnings and Trade News Drive Market Movement The stock market showed mixed performance on Tuesday, 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