Tech Sells Off Ahead of Thanksgiving Holiday

MRKT Matrix - Wednesday, November 27th

• Nasdaq drops the day before Thanksgiving as Nvidia, Dell slides (CNBC)
• Donald Trump selects Kevin Hassett to lead National Economic Council (CNBC)
• Trump’s Tariff Message: I’m in Charge of the Economic Agenda (WSJ)
• US GDP Grows at Solid 2.8% Pace, Helped by Consumer Spending (Bloomberg)
• JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation (CNBC)
• Homebuyer demand for mortgages jumps 12%, after first interest rate drop in over 2 months (CNBC)
• OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump (Bloomberg)
• Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says (CNBC)
• Apple Misses Out on Big 2024 Smartphone Market Rebound, IDC Says (Bloomberg)
• OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer (CNBC)
• Inside Elon Musk’s Quest to Beat OpenAI at Its Own Game (WSJ)
• Inflation-Battered Consumers Are Going to Extreme Lengths to Nab Holiday Deals (Bloomberg)
• Taylor Swift Looks to Deliver Another Megahit - for Target Stores (WSJ)

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Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs