Monday could mark the start of a strong seasonal stretch for the stock market with Thanksgiving Day around the corner.
 | MON, NOV 23, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 113.85 | -3.49 | -2.97% | | INTC | 46.06 | +0.67 | +1.48% | | BA | 211.53 | +11.91 | +5.97% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 113.85 | -3.49 | -2.97% | | GE | 10.07 | +0.31 | +3.18% | | AAL | 13.56 | +1.03 | +8.22% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 113.85 | -3.49 | -2.97% | | TSLA | 521.85 | +32.24 | +6.58% | | AMD | 85.31 | +0.67 | +0.79% | |
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Monday could mark the start of a strong seasonal stretch for the stock market with Thanksgiving Day around the corner. The S&P 500 has posted a positive return from the start of Thanksgiving week through New Year's Day 19 times in the past 25 years, CNBC's Jesse Pound writes. "Markets have seasonal tailwinds in place," Fundstrat's Tom Lee said in a note.  To be sure, increasing U.S. coronavirus infections and potential lockdowns around the country could put a damper on any year-end rally because of concerns about the economy and corporate earnings. A CNBC analysis of Johns Hopkins University data found the seven-day average of daily new U.S. Covid infections has topped 170,000. More than 12 million U.S. cases have been confirmed, including 256,803 deaths. However, Mark Haefele, CIO of UBS Global Wealth Management, thinks recent positive news over a vaccine will "outweigh short-term worries, allowing markets to move higher." Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
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