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Market Updates: Dow Futures Up Over 200 Points on Thanksgiving Sales…

The US stock markets begin the week with massive gains for Wall Street on Monday for two reasons.

Thanksgiving Sales – Dow Jones Industrial Average (DJIA) futures surged 275 points, or 1.2%, to 24,542, while SPX index futures gained 33 points, or 1.3%, to 2,662.75 this morning on hopes of solid US holiday sales.

Slight Improvement in Crude Oil – Surge in stock markets is also driven by climbing oil prices. Oil rose to 1.6% to $51.23 a barrel after falling like 7.7% on Friday…

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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