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Happy Wednesday. This is TheStreet’s Stock Market Today for Nov. 26, 2025. You can follow the latest updates on the market here in our daily live blog.
The U.S. markets are now closed. The Nasdaq (+0.82%) and Russell 2000 (+0.82%) apparently decided… “’tis the season”, finishing out at a similar reading, just shy of 1%.
Here’s the Nasdaq at the close (refreshed after close):
Meanwhile, the S&P 500(+0.69%) and Dow (+0.67%) also registered a gain, albeit less impressive — and not too coordinately as their aforementioned compatriots.
In total, all but one of the S&P 500 sectors were in the green today. The one exception was health care (-0.22%).
Heading into the end of the day, the Nasdaq (+0.91%), Dow (+0.83%), and S&P 500 (+0.81%) are huddled up — while the small cap Russell 2000 (+1.24%) index stands apart again today, thanks to some so-so economic data and hopes for a December cut.
In total, about 71.4% (3,965) issues are advancing, against 25.4% (1,414) in decline. The market’s 50-day simple moving average is still tilted in favor of decline, with 54.1% (2,994) of stocks trading below their 50SMA, but there’s hope.
As the session draws to a close, we figure it’d be nice to see what equities are putting in work before the Thanksgiving market holiday and abbreviated trading day on Friday. Here are our late day movers:
Atop the list today, Arrowhead Pharmaceuticals (+23.8%) is jumping after getting a nice upgrade from Morgan Stanley, which boosted its price target to $48 (from $45).
It’s joined by Falcon’s Beyond Global (+15.6%, partnership with Cyberpunk 2077 creator CD PROJEKT RED) and Vera Therapeutics (+15.1%, FDA news) in close succession.
Also notable: Urban Outfitters (+13.2%, strong earnings), AI REIT Fermi (+12.2%, tenant talks), and Robinhood Markets (+10.8%, market recovery).
Here’s the list:
Meanwhile, on the other end of the market, there’s a common theme: technology and consumer cyclicals. In fact, Nutanix (-18.2%, bad earnings), Ambarella (-17.7%, good earnings), Zscaler (-12.4%, earnings beat), and Workday (-9.9%, worries about subscription revenue) are all tech plays — three in software, one in semiconductor.
Also notable, recent IPOs Via Transportation (-7%, recently reported), StubHub (-4.3%, chose to withhold guidance + class action securities suit), and Ondas Holdings (-3.7%, speculation) made the list today.
Here’s the list:
This week’s abbreviated trading week will give traders a short reprieve to reflect on the innumerable reasons to be thankful for 2025 — whether strong earnings, a record rally, or rising odds for a December rate cut.
But as we approach year-end, big banks seem to suspect there’s even more to look forward to in 2026. A new report from JPMorgan sees the S&P 500 hitting 7,500 by the end of 2026. And if there are more Fed rate cuts, it could ascend as high as 8,000.
Their bullishness isn’t an isolated expectation. Two weeks ago, UBS put out a nearly-identical forecast, eying the S&P 500 at 7,500 by the end of 2026 if AI and strong corporate profits hold up. That’d be nearly a 10% gain for the index from current prices. And Deutsche has its eyes on that 8,000 figure by year-end, too.
There are some more modest estimates among banks, like Goldman Sachs, who has forecasted 6.5% annual returns over the next 10 years — more or less 7,400 to 7,600. There’s also Barclay’s looking for 7,400 next year. And then there’s Bank of America, who sees the index growing just 5% to 7,100 in 2026.
The U.S. markets are now open. As foreshadowed by earlier futures, here are how things are shaping up:
That said, here’s some of the developing stories from this morning:
The Chicago PMI is out and it looks bad. In November, the index came in at 36.3, versus consensus of 44.3. That’s the second lowest reading in the index since the pandemic, as well as the 24th straight declining month. The difference between reality and expectation is an 8 point difference, a sign of significant strain in industry around one of America’s largest metros.
U.S. jobless claims are just out — coming in at 216,000 for the week of Nov. 22. That’s down from 222K last week and below expectations of 225K.
Continuing claims were 1.96 million, a slight decline from last week’s 1.974 million. Perhaps it’s a sign that the job market is steadying after a worrying acceleration in layoff data.
Durable goods orders for September might be a little late, but economists and traders are glad to take some good news. In September, durable goods orders rose 0.5%, faster than the 0.3% expected. Buoyed by defense aircraft/parts, which grew 30.9%, the rate of growth was slower than the 3% gain in August.
Market indexes are set for some modest gains this morning according to futures. The Nasdaq Futures (+0.52%) are leading the way, followed by the S&P 500 Futures (+0.33%) and Dow (+0.22%). The Russell 2000 (-0.03%) is nearly flat.
That said, per data from MarketWatch, these are the stocks making moves this morning:
Petco Health (+21.9%) is up after reporting earnings after the bell yesterday, far ahead of other rising names such as Autodesk (+7.7%, earnings), Bentley Systems (+6.7%, recent news), and Oracle (+6%, analyst commentary).
On the other end of the market, there’s Nutanix (-11.3%), which is cratering after underdelivering in its earnings report after market yesterday. It’s joined by Zscaler (-7%, issued conservative guidance), Reynolds (-6.3%, no news), and Workday (-6.2%, weak boost to full-year guidance).
Deere (-4%), this morning’s largest earnings report, is also down after missing the mark in its report today.
Good morning. Today is the final full day of trading in this abbreviated market week. Tomorrow, the market will be closed to celebrate Thanksgiving Day. Then, on Friday, the market will be open for a half day.
Before we get there though, here’s what is noteworthy this morning:
Today, Nasdaq says there are 22 reports to look out for. Most of those reports are this morning. Here are all the firms with at least a $1 billion market cap that are slated to report:
With today slated to be the last major trading day of the week, there’s actually a wide array of economic data points set to cross the wire — some already out. Here’s what is on deck, per TradingEconomics:
This story was originally published by TheStreet on Nov 26, 2025, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.