Stocks rallied heading into the Thanksgiving holiday, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all registering gains on Wednesday.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35430.42 +13.44 +0.04%
SP500 S&P 500 4550.58 -4.31 -0.09%
I:COMP NASDAQ COMPOSITE INDEX 14258.489848 -23.27 -0.16%

Microsoft, which hit another fresh record, helped drive some of the momentum after OpenAI reinstated Sam Altman and his right hand, Greg Brockman, and scrubbed the board of directors that fired him nearly a week ago. The tech-giant, as the largest investor in OpenAI, is expected to benefit from the end of the chaos and a new board.

Ticker Security Last Change Change %
MSFT MICROSOFT CORP. 378.85 -3.85 -1.01%

CEO Satya Nadella, via a post on X, formerly known as Twitter, praised the advance.

“We believe this is a first essential step on a path to more stable, well-informed, and effective governance. Sam, Greg, and I have talked and agreed they have a key role to play along with the OAI leadership team in ensuring OAI continues to thrive and build on its mission. We look forward to building on our strong partnership and delivering the value of this next generation of AI to our customers and partners,” a portion of the post reads. 

THANKSGIVING 

As for trading, on Thursday, there will be no trading in stocks because U.S. equity markets will be closed. The U.S. Treasury markets will also be closed, so there will be no trading in bonds.

THANKSGIVING WON’T BE CHEAPER DESPITE FOOD INFLATION EASING, ECONOMIST SAYS

Macy's Thanksgiving Day Parade float

This view shows the Macy’s Thanksgiving Day Parade in New York City. (File / Getty Images)

BLACK FRIDAY

The following day, Black Friday, is the official kickoff for the shopping season, and U.S. stocks will be open on an abbreviated arrange from 9:30 a.m. to 1 p.m. ET for the NYSE, owned by Intercontinental Exchange and the Nasdaq MarketSite.

HOTTEST LAST-MINUTE THANKSGIVING DEALS

Ticker Security Last Change Change %
NDAQ NASDAQ INC. 55.70 +0.12 +0.22%
ICE INTERCONTINENTAL EXCHANGE INC. 112.67 -0.07 -0.06%

Retail stocks, including Walmart, Target, Amazon and Macy’s, could be active as data begins to trickle in with regard to overall consumer spending up through Cyber Monday.

BLACK FRIDAY: WHAT TO KNOW

Ticker Security Last Change Change %
WMT WALMART INC. 156.10 -2.61 -1.64%
TGT TARGET CORP. 131.29 -0.37 -0.28%
AMZN AMAZON.COM INC. 146.32 -0.71 -0.48%
M MACY’S INC. 15.65 +0.69 +4.58%

Following Black Friday comes Small Business Saturday, which encourages holiday shoppers to patronize brick-and-mortar businesses that are small and local.

TOP BLACK FRIDAY DEALS RETAILERS HAVE ALREADY DROPPED

Black Friday shopping, Thanksgiving

Following Black Friday comes Small Business Saturday, which encourages holiday shoppers to patronize brick-and-mortar businesses that are small and local. (Thomas Iannaccone / WWD / Penske Media / File / Getty Images)

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FOX Business’ Ken Martin contributed to this report.

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