Stock Market Today: Nasdaq, S&P 500 Head Higher Before Thanksgiving Market Holiday

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Happy Wednesday. This is TheStreet’s Stock Market Today for Nov. 26, 2025. You can follow the latest updates on the market here in our daily live blog.

Update: 9:30 a.m. ET

Opening Bell

The U.S. markets are now open. As foreshadowed by earlier futures, here are how things are shaping up:

• Nasdaq Composite (+0.62%)

• S&P 500(+0.39%)

• Dow (+0.30%)

• Russell 2000 (-0.08%)

That said, here's some of the developing stories from this morning:

Chicago PMI Looks Anemic

The Chicago PMI is out and it looks bad. In November, the index came in at 36.3, versus consensus of 44.3. That's the second lowest reading in the index since the pandemic, as well as the 24th straight declining month. The difference between reality and expectation is an 8 point difference, a sign of significant strain in industry around one of America's largest metros.

Jobless Claims Hit Lowest Since Mid-April

U.S. jobless claims are just out -- coming in at 216,000 for the week of Nov. 22. That's down from 222K last week and below expectations of 225K.

Continuing claims were 1.96 million, a slight decline from last week's 1.974 million. Perhaps it's a sign that the job market is steadying after a worrying acceleration in layoff data.

Overdue Durable Goods Orders Surprises

Durable goods orders for September might be a little late, but economists and traders are glad to take some good news. In September, durable goods orders rose 0.5%, faster than the 0.3% expected. Buoyed by defense aircraft/parts, which grew 30.9%, the rate of growth was slower than the 3% gain in August.

Update: 9:06 a.m. ET

Premarket Movers: Petco, Nutanix, Autodesk, Zscaler

Market indexes are set for some modest gains this morning according to futures. The Nasdaq Futures (+0.52%) are leading the way, followed by the S&P 500 Futures (+0.33%) and Dow (+0.22%). The Russell 2000 (-0.03%) is nearly flat.

That said, per data from MarketWatch, these are the stocks making moves this morning:

Winners

Petco Health (+21.9%) is up after reporting earnings after the bell yesterday, far ahead of other rising names such as Autodesk (+7.7%, earnings), Bentley Systems (+6.7%, recent news), and Oracle (+6%, analyst commentary).

Losers

On the other end of the market, there's Nutanix (-11.3%), which is cratering after underdelivering in its earnings report after market yesterday. It's joined by Zscaler (-7%, issued conservative guidance), Reynolds (-6.3%, no news), and Workday (-6.2%, weak boost to full-year guidance).

Deere (-4%), this morning's largest earnings report, is also down after missing the mark in its report today.

Update: 8:26 a.m. ET

A.M. Update

Good morning. Today is the final full day of trading in this abbreviated market week. Tomorrow, the market will be closed to celebrate Thanksgiving Day. Then, on Friday, the market will be open for a half day.

Before we get there though, here's what is noteworthy this morning:

Earnings Today: Deere, JBS, Li Auto

Today, Nasdaq says there are 22 reports to look out for. Most of those reports are this morning. Here are all the firms with at least a $1 billion market cap that are slated to report:

Economic Events + Data: Durable Goods, Jobless Claims, Chicago PMI

With today slated to be the last major trading day of the week, there's actually a wide array of economic data points set to cross the wire -- some already out. Here's what is on deck, per TradingEconomics:

This story was originally published by TheStreet on Nov 26, 2025, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.