{"id":56561,"date":"2025-11-27T15:07:34","date_gmt":"2025-11-27T19:07:34","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-markets-closed-for-thanksgiving-global-equities-rally-on-rate-cut-hopes\/56561\/"},"modified":"2025-11-27T15:07:34","modified_gmt":"2025-11-27T19:07:34","slug":"us-markets-closed-for-thanksgiving-global-equities-rally-on-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-markets-closed-for-thanksgiving-global-equities-rally-on-rate-cut-hopes\/56561\/","title":{"rendered":"US Markets Closed for Thanksgiving; Global Equities Rally on Rate Cut Hopes"},"content":{"rendered":"

As Thursday, November 27, 2025, unfolds, the United States stock markets are observing a full-day closure in observance of the Thanksgiving holiday. This pause in US trading activity follows a robust four-day winning streak for major indexes, driven primarily by increasing optimism surrounding potential Federal Reserve interest rate cuts in December and a renewed enthusiasm for artificial intelligence (AI) related stocks. While American investors enjoy the holiday, global markets have largely taken their cue from Wall Street's recent momentum, with Asian and European bourses posting gains.<\/p>\n

Wednesday's US Market Performance<\/h2>\n

Prior to the Thanksgiving holiday, US stocks closed broadly higher on Wednesday, November 26, 2025, extending their rally for a fourth consecutive session. The Dow Jones<\/a> Industrial Average (DJIA<\/a>) rose by 0.67%, or 314.67 points, to close at 47,427.12. The S&P 500<\/a> (SPX<\/a>) added 0.69%, or 46.73 points, reaching 6,812.61. Meanwhile, the technology-heavy Nasdaq Composite (IXIC<\/a>) led the charge with an increase of 0.82%, or 189.1 points, closing at 23,214.69. This upward trend was significantly fueled by strengthening expectations of a Federal Reserve rate cut at its upcoming December meeting, with the CME FedWatch tool indicating an 85% probability of such a move. The Volatility Index (VIX), often referred to as the "fear index," simultaneously declined by 7.38% to 17.19, reflecting easing market anxieties.<\/p>\n

The midweek rally saw solid gains across various sectors, with technology companies playing a pivotal role. Major tech players like Microsoft (MSFT<\/a>) gained 1.8% and Nvidia (NVDA<\/a>) rose 1.4%, as the AI trade regained significant momentum. Oracle (ORCL<\/a>) also saw a 4% jump after a bullish reiteration from Deutsche Bank. However, not all tech giants participated in the rally, with Google parent company Alphabet (GOOGL<\/a>) falling 1%. Financial sector stocks also contributed to the market's uplift, with Robinhood Markets (HOOD<\/a>) surging 10.9% after announcing plans to launch a futures and derivatives exchange next year. On the other hand, Deere & Company (DE<\/a>) tumbled 5.7% following a downbeat forecast for the current year.<\/p>\n

Global Market Activity on Thanksgiving Day<\/h2>\n

While US markets remained shuttered, global equities largely mirrored the positive sentiment from Wednesday's Wall Street performance. Asian markets closed mostly higher, with Japan's Nikkei 225 rising 1% to 50,069.33, buoyed by the same Federal Reserve rate cut expectations. South Korea's Kospi also added 0.7% to 3,986.54, with tech stocks leading gains. Chinese markets, however, showed a mixed performance, with the Shanghai Composite edging up 0.1% and Hong Kong's Hang Seng picking up 0.3%, but some profit-taking was observed in tech stocks.<\/p>\n

In Europe, markets also saw modest gains. Germany's DAX was up 0.4%, France's CAC 40 rose 0.2%, and London's FTSE 100 index increased by 0.1%. Sportswear maker Puma (PUMSY<\/a>) was a notable riser, up 13%, on reports of a potential takeover interest. The Canadian S&P\/TSX composite index also climbed in late-morning trading, supported by strength in technology, telecommunication, and energy sectors.<\/p>\n

Upcoming Market Events<\/h2>\n

Looking ahead, investors will be keenly watching a series of economic data releases and policy decisions in the coming weeks. The Federal Reserve's next FOMC meeting on December 10, 2025, is highly anticipated, with a strong probability of an interest rate cut.<\/p>\n

Key economic indicators scheduled for release in early December include:<\/p>\n