CNBC Daily Open: A rough and historically atypical November for U.S. stocks

The U.S. banal marketplace was closed Thursday stateside for Thanksgiving Day and volition reopen connected Friday until 1 p.m. ET.

With astir conscionable 3 hours of trading near for the month, large U.S. indexes are looking to extremity November successful the red, based connected CNBC calculations.

As of Wednesday's close, the S&P 500 was down 0.4% period to date, the Dow Jones Industrial Average 0.29% little during the aforesaid play and the Nasdaq Composite retreating 2.15%, vastly underperforming its siblings arsenic exertion stocks stumbled successful November.

Unless there's a immense leap successful stocks during the shortened trading league connected Friday stateside — which mightiness not beryllium an unequivocally affirmative determination since it would rise much questions astir the market's sustainability — that means the indexes are connected way to drawback their winning streaks. The S&P 500 and Dow Jones Industrial Average person risen successful the past six months, and the Nasdaq Composite seven.

It volition besides people a divergence from the humanities norm. The S&P 500 has precocious an average of 1.8% successful November since 1950, according to the Stock Trader's Almanac. And successful the twelvemonth pursuing a U.S. statesmanlike election, it typically rises 1.6%.

But it's not been a emblematic post-presidential predetermination year. It's hard to spot the market, successful the coming months, oregon adjacent years, moving according to immoderate humanities trajectory.

U.S. futures are mostly level Thursday night. The banal marketplace was closed during the day for the Thanksgiving interruption successful the U.S. Europe's Stoxx 600 inched up 0.14%, rebounding from earlier losses.

Alibaba's AI glasses spell connected sale. The Quark AI Glasses travel successful 2 variants that outgo 1,899 Chinese yuan ($268) and 3,799 yuan, little than Meta's $799 Meta Ray-Ban Display glasses, signaling Alibaba's competitory entry into the user AI market.

Apple files a lawsuit against India's antitrust body. The Competition Commission of India is investigating complaints astir Apple's in-app acquisition policies, and could good the institution based connected its planetary turnover — which means a potential $38 cardinal penalty.

Russia is acceptable for 'serious' discussions for peace. The U.S.-led model "can beryllium the ground for aboriginal agreements," Russian President Vladimir Putin said Thursday, arsenic translated by Reuters. He added that the U.S. seemed to take Moscow's presumption "into account."

[PRO] Bank of America doesn't spot overmuch upside for 2026. The S&P 500 should emergence by a single-digit percent point, a slowdown from caller years due to the fact that 1 supporting origin volition beryllium shrinking, said a strategist from the bank.

Europe's dilatory and dependable attack to AI could beryllium its edge

It's unlikely that Europe volition pb successful gathering facilities for AI hyperscalers or for the grooming of AI — that contention is considered each but won — but the wide statement is that it could excel successful smaller, cloud-focused and connectivity-style facilities.

Europe has "a batch of constraints, but, actually, the more hard thing is to replicate, the much semipermanent worth what you've got has," said Seb Dooley, senior fund manager at Principal Asset Management.

— Tasmin Lockwood