CNBC Daily Open: A rough and historically atypical November for U.S. stocks

**U.S. Markets Closed for Thanksgiving, Eye Losses for November**

The U.S. stock market remained closed on Thursday in observance of Thanksgiving Day and will reopen for a shortened session on Friday, closing at 1 p.m. ET. With roughly three hours of trading left for November, major U.S. indexes are on track to finish the month in the red, according to CNBC calculations.

As of Wednesday’s close, the S&P 500 has slipped 0.4% month to date, while the Dow Jones Industrial Average is down 0.29% for the same period. The Nasdaq Composite has retreated 2.15%, significantly underperforming the other indexes as technology stocks faced headwinds in November.

Unless there is a dramatic rally in Friday’s brief session—a move that could raise concerns about the market’s sustainability—the indexes are set to break their multi-month winning streaks. The S&P 500 and Dow Jones Industrial Average have both advanced for the past six months, with the Nasdaq Composite rising for seven consecutive months.

This potential downturn is a departure from the historical trend. According to the Stock Trader’s Almanac, the S&P 500 has averaged a 1.8% gain in November since 1950. In years following a U.S. presidential election, it typically rises by 1.6%. However, this year is proving to be atypical, and analysts say the market’s path in the months and years ahead may not follow historical patterns.

As of Thursday night, U.S. futures were largely flat. The U.S. market closure coincided with modest gains in Europe, where the Stoxx 600 edged up 0.14% after recovering from early losses.

—

**Global Business Highlights**

**Alibaba Launches Affordable AI Glasses**

Alibaba has entered the consumer AI market with its new Quark AI Glasses, offering two models priced at 1,899 yuan ($268) and 3,799 yuan. These prices undercut Meta’s $799 Ray-Ban Display glasses, signaling Alibaba’s commitment to capturing a share of the growing AI wearable segment.

**Apple Challenges India’s Antitrust Body**

Apple has filed a case contesting an investigation by India’s Competition Commission into its in-app purchase policies. The commission could potentially fine Apple based on its global turnover, raising the possibility of a $38 billion penalty for the tech giant.

**Russia Open to ‘Serious’ Peace Talks**

Russian President Vladimir Putin signaled openness to ‘serious’ discussions for peace, stating that the U.S.-led framework could serve as a basis for future agreements. He noted that the U.S. appears to be considering Moscow’s position, according to comments reported by Reuters.

—

**Market Outlook**

Bank of America has a subdued forecast for the S&P 500, anticipating only single-digit percentage gains by 2026. A strategist from the bank attributes this slowdown to diminishing supportive factors that have driven growth in recent years.

—

Stay tuned for more updates as markets react to Friday’s shortened session and as global developments continue to shape the investment landscape.
https://www.cnbc.com/2025/11/28/cnbc-daily-open-a-rough-and-historically-atypical-november-for-us-stocks.html

You may also like

Federal judge blocks Sen. Mark Kelly’s demotion

2026 年 2 月 12 日

Masked man approaches Nancy Guthrie’s home in chilling new video

2026 年 2 月 10 日

Ghislaine Maxwell refuses to answer questions in Epstein deposition

2026 年 2 月 9 日