Market Updates: Dow Futures Up Over 200 Points on Thanksgiving Sales... - Forex News by FX Leaders

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

Posted Monday, November 26, 2018 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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