### Mixed Fortunes as Dow Jones Futures Inch Up Amid Thanksgiving Break

In early trading on Thursday, Dow Jones futures saw a slight uptick alongside S&P 500 and Nasdaq futures. However, U.S. stock and bond markets remained shuttered due to the Thanksgiving holiday. The market rally experienced a setback on Wednesday as major indexes fell, yet gains were cushioned as Treasury yields continued their decline.

Wednesday saw some prominent tech companies such as CrowdStrike, Workday, Nutanix, and Dell Technologies experience notable drops following their earnings reports. Meanwhile, Nvidia also extended its losses but managed to maintain key support levels. On the brighter side, Toll Brothers saw a rise within a buy zone bolstered by lower rates, and Warren Buffett’s Berkshire Hathaway marked a breakout.

Late Wednesday, President-elect Donald Trump announced via Truth Social that he had a conversation with Mexico's President Claudia Sheinbaum, who allegedly agreed to curb illegal migration at the Mexican border. Trump’s declaration has raised hopes on Wall Street that he may retract his threat to impose hefty tariffs on Canada, Mexico, and China once he takes office.

In futures trading, Dow Jones futures rose by 0.2%, S&P 500 futures also increased by 0.2%, and Nasdaq 100 futures climbed by 0.4%. Though U.S. markets were closed for Thanksgiving, global chip-equipment manufacturers, such as ASML, saw gains driven by reports of impending U.S. chip export restrictions to China that are less stringent than initially proposed.

U.S. stock exchanges are scheduled to close early on Friday at 1 p.m. ET, with bond markets closing an hour later at 2 p.m. ET. However, overnight changes in Dow futures do not necessarily forecast the next regular trading session, emphasizing the volatile nature of futures trading.

The stock market had an overall weaker performance leading into the holiday. The Dow Jones Industrial Average declined by 0.3%, the S&P 500 dipped by 0.4%, and the Nasdaq composite fell by 0.6% on Wednesday. Despite these declines, key indexes are still up for the week and nearing all-time highs.

Nvidia's stock fell by 1.15% to 135.34 but managed to stay above its 50-day moving average, avoiding closing below it for the first time in two months. Although Nvidia's recent earnings were strong, its future revenue guidance was only marginally above analysts' expectations. This uncertainty has contributed to Nvidia's continued struggle.

The market exhibits strength with a broad-based advance, particularly among small and midcap stocks, financials, and homebuilders. Nonetheless, tech stocks like Nvidia and software names have shown recent weakness, signaling a need for investors to focus on what sectors are currently performing well rather than holding onto tech stocks indiscriminately.

Long-term Nvidia holders may choose to retain their positions, betting on continued growth, but recent buyers should consider selling based on established rules. Investors are advised to stay informed by reading market analyses and updates to navigate this volatile period effectively.