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Today’s Stock Market
November 28, 2025 at 2:00 p.m. EST
Happy Black Friday! Technical milestones were key themes for this week. The S&P 500 finished up 4% and reclaimed the 50d moving average as the 100d ma held as key support. The index moved higher every trading day this week and five straight going back to Friday. The equal-weight slightly lagged but was still up 3% while mid and small caps outperformed, adding 4-6%. All sectors finished higher led by Comm Services (Meta and Alphabet +7-9%) and Discretionary (strength across the board). Staples and Energy lagged but still ended the week with gains. Crypto finally found its footing as Bitcoin rose 8% and got back to ~$90K. Precious metals were very strong. Gold actually lagged but silver, platinum and palladium ripped 8-15%. Crude ended the week with modest gains. The most important event occurred a bit outside of regular market action as the NYSE Kids Day 2025 took place at the NYSE on Friday. The MAC Desk had a front row ticket to all the action at the Connect Four Tournament, with stellar play throughout the day. The Championship Belt was won by Everett with an incredible run through all his matches. Markets get back to a regular schedule next week. The Fed will be in their blackout period ahead of the rate decision the week after (12/10). The ISM Manufacturing and Services surveys will be released. Labor data will include the ADP report, Challenger job cuts and weekly claims. September PCE/Income/Spending will be released. Earnings reports will include a mix of retail and tech, including American Eagle, CrowdStrike, Marvel, Dollar Tree, Macy's, Salesforce, Snowflake, HPE and Dollar General. Have a great weekend.
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What’s next?
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