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Nov 25 2015

Wall St quiet ahead of Thanksgiving holiday

Market Recap 11/24/15:
U.S. stocks rose on Tuesday, lifted as geopolitical uncertainty caused a spike in oil prices, which in turn boosted energy stocks. The uncertainty same after Turkey shot down a Russian warplane, spurring tension between the countries. While concerns over the situation initially weighed on markets, the impact on commodities spurred a reversal later in the session. The swings were exacerbated by light trading volume, a result of the holiday-shortened week. With many market participants out for Thanksgiving, daily volatility could rise. 
Looking ahead:
U.S. stock index futures edged higher on  Wednesday, though trading was light ahead of the Thanksgiving market holiday. Investors are looking ahead to economic data on durable goods, new home sales and weekly jobless claims, which are being released a day ahead of schedule, as well as paying attention to any further developments between Russian and Turkey. Make sure you catch this week’s Money Matters with Gary Goldberg, which will air Sunday at 11 on WOR710. Visit our website for more details.