Market Recap – November 25th
Throughout the shortened trading period due to the Thanksgiving holiday, stocks posted gains for the week with little movement on Friday. The S&P 500 slightly fell 0.03%, ending at 4,026.12, the NASDAQ Composite went down 0.52% to 11,226.36, and the Dow Jones climbed 0.45% up to 34,347.03. In anticipation of Kroger’s earnings this week, shares of the large grocer rose 2.51% as investors expect strong sales growth as their Albertson’s merger comes into effect. In the tech space, shares of video game company Activision Blizzard plunged 4.07% following the likelihood that the FTC would block Microsoft’s $69 billion acquisition of the company.
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.