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The markets are holding their ground in today’s holiday shortened session, with all three of the major stock market indices seeing green. Technology stocks are buoying the Nasdaq Composite to a fractional gain, while the Dow Jones Industrial Average and S&P 500 are following its lead. Despite its best efforts, the Nasdaq Composite has taken a step backward for the month, falling approximately 1.1% in November as the AI trade navigated some shifting terrain.
Earlier this morning, trading in stock market futures, foreign exchange and commodities was temporarily halted, owing to a “cooling issue” that wreaked havoc at the CME’s data center that is controlled by CyrusOne.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 47,497.98 Up 70.86 (+0.15%)
Nasdaq Composite: 23,314.46 Up 99.84 (+0.43%)
S&P 500: 6,829.50 Up 16.89 (+0.24%)
Market Movers
SanDisk (Nasdaq: SNDK | SNDK Price Prediction) is retaking lost ground, rising 6.2% on the day after falling eerily close to the $200 level earlier this week.
Micron Technology (Nasdaq: MU) is on the comeback trail, rising 3% and inching closer to the $240 level as AI chip companies stay volatile.
Digital asset trading platform Coinbase (Nasdaq: COIN) is tacking on nearly 4% in today’s session as the bitcoin price gains upward momentum.
Chip stalwart Intel (Nasdaq: INTC) is up nearly 5% today and is on pace for a whopping 92% year-to-date gain.
As retailers gear up for the holiday shopping season, Lululemon (Nasdaq: LULU) is riding the wave for a 1.6% increase.
Oracle (Nasdaq: ORCL), which is behind an AI data platform, is losing 2.2% today after Morgan Stanley analysts warned of excessive debt on the balance sheet.
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