Dow Futures Up 355 Points to Start Thanksgiving Week

Stocks are fresh off weekly wins

Laura McCandless

Deputy Editor

Nov 25, 2024 at 9:14 AM

Following a winning week on Wall Street, futures on the Dow Jones Industrial Average (DJIA) are up 355 points, while futures on both the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) sit comfortably higher as well. Traders are eyeing Washington today, after President-elect Donald Trump revealed plans to nominate hedge fund manager Scott Bessent for Treasury secretary.

Continue reading for more on today's market, including:

Breaking down last week's tech surge.
Retail ETF hits 2-year highs before Black Friday.
Plus, BBWI surges after earnings; and 2 stocks rising on bull notes.

Futures Nov25

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw over 2.3 million call contracts and more than 1.2 million put contracts exchanged on Friday. The single-session equity put/call ratio fell to 0.51 and the 21-day moving average remained at 0.62.
Bath & Body Works Inc (NYSE:BBWI) stock is up 20.4% premarket, after the retailer's third-quarter results came in above estimates. Since the start of 2024, BBWI shed 28.8%.
Shares of Robinhood Markets Inc (NASDAQ:HOOD) are up 6.5% before the bell, after an upgrade from Morgan Stanley to "overweight" from "equal weight." The firm cited the potential for crypto deregulation post-election. Year to date, Robinhood stock is up 187.7%.
MicroStrategy Inc (NASDAQ:MSTR) stock is up 3.9% in electronic trading, after a lofty price-target hike at Bernstein to $600 from $290. The crypto name also bought another $5.4 billion in Bitcoin (BTC). Since the start of this quarter alone, MSTR is up 150%.
What's coming up this Thanksgiving week.

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Mining, Bank Stocks Leading in Europe

Asian stocks were a mixed bag to start the week. Japan’s Nikkei and South Korea’s Kospi each added 1.3%, with small caps powering the latter. China’s Shanghai Composite and Hong Kong’s Hang Seng shed 0.1% and 0.5%, respectively, after the former’s central bank kept its medium-term lending rate steady.

Over in Europe, mining and bank stocks are among the gainers. London’s FTSE 100 is up 0.4% at last check, with media company ITV in focus as suitors circle. The French CAC 40 is 0.2% higher while the DAX in Germany is up 0.5%, shaking off a selloff from Commerzbank.

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