Thanksgiving Stock Surge: Dow Soars 185 Points Before the Holiday Break!
Strong action before Thanksgiving Day holiday... Dow closed with a jump of 185 points, all major indexes gained up to 0.5%... Market supported by fall in bond yield.
10 year bond yield at 2 month low... Market mood improved due to strong consumer sentiment data... Buying in big IT stocks... Good action in travel stocks, sluggishness in energy sector Mixed business in European markets... Huge fluctuations in crude oil... Effect of postponement of OPEC+ meeting date... Meeting will now be held on 30th November instead of 26th November... Brent Crude increased by 5 in intraday. Slipped below $80 with % fall... Finally closed below $82 after recovery... Dollar Index recovered from 3 month low... Gold slipped below $2000
Written By: Zee Business Video Team