TechFlow, November 28 — U.S. stock markets were closed Thursday for Thanksgiving and will reopen Friday until 1 p.m. Eastern Time (2 a.m. Beijing Time). According to CNBC, with only about three hours of trading left in the month, major U.S. indexes are on track to end November in negative territory. As of Wednesday's close, the S&P 500 was down 0.4% for the month, the Dow fell 0.29%, and the Nasdaq dropped 2.15%. Unless U.S. stocks surge during Friday's shortened session, the current winning streaks for major indexes will come to an end: six consecutive monthly gains for the S&P 500 and Dow, and seven for the Nasdaq. This would also mark a departure from historical norms. According to Stock Trader's Almanac, since 1950 the S&P 500 has averaged a gain of 1.8% in November. In U.S. presidential election years, the index typically rises 1.6%. But this year is not following a typical election-year pattern. For the coming months or even years, it may be difficult to see markets follow any historical trajectory. (Jinshi)
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