Light trading and holiday spending shape market sentiment.
Stocks continued to climb on Tuesday as the Thanksgiving week effect began to influence market tone. Historically one of the calmest weeks of the year, the period often brings lighter volume, modest gains, and a shift in focus toward consumer behavior rather than macro catalysts.
Thanksgiving week is usually a mild positive for equities. Since 2000, the Dow has risen about 56 percent of the time during this stretch, with the strongest moves typically appearing on Wednesday and the shortened Black Friday session. While these gains are generally small, they often help guide positioning into December.
This year, the spotlight is on holiday retail demand. Adobe Analytics expects a 5.3 percent increase in seasonal spending, while the National Retail Federation forecasts more than 1 trillion dollars in holiday sales for the first time. Strong consumer appetite could offer support for retail stocks and help offset uncertainty tied to rate expectations, AI valuations, and mixed economic data.
Even with lighter trading conditions, subtle sentiment shifts this week can influence the traditional late-year setup, especially if spending remains strong and volatility stays contained.
📊 Market Wrap Nov 28th 2025
🧠 Analyst Notes
💬 Market Highlights
FedEx prepares 856 job cuts in Texas
FedEx (FDX) will reduce 856 roles at its Dallas supply chain and electronics facility after a major client shifted operations to a different provider. Some employees may be reassigned to nearby sites. The update reflects a competitive and rapidly shifting logistics sector, where client movement can quickly influence facility needs.
Bank of America and ICBC face higher capital requirements
Bank of America (BAC) and Industrial and Commercial Bank of China (ICBC) were moved into higher systemic risk buckets, requiring larger capital buffers starting in 2027. Deutsche Bank (DB) moved down to a lower bucket, easing its obligations. The update highlights evolving risk assessments in the global banking sector.
Alibaba and ByteDance train AI models overseas to secure Nvidia access
Alibaba (BABA) and ByteDance are reportedly training AI models in Southeast Asia to bypass US restrictions on Nvidia (NVDA) chips. China has also limited foreign AI chips in state-funded data centers. By renting capacity abroad, these firms can continue using Nvidia hardware, underscoring rising competition and constraints in the AI and semiconductor sector.
📅 Earnings Watch
Markets often move quietly during Thanksgiving week, but consumer spending trends and retail performance can help shape the tone heading into December.
Which stocks are you tracking this week?
Disclaimer:
Gotrade is the trading name of Gotrade Securities Inc., registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
