Today, the stock market is rising a bit ahead of Thanksgiving. Big tech company Nvidia did very well in its recent earnings report. The Nasdaq 100 and S&P 500, which are like stock market scores, are going up a little bit. But the Dow Jones Industrial Average remains virtually unchanged after rising in November.
Nvidia’s earnings were great, but people got a little worried because they said the rules on selling computer chips to China could affect them. The stock fell a bit after the news, but was up about 1% before the market opened.
Something surprising happened with OpenAI, the company behind ChatGPT. They said the person who was the boss, Sam Altman, will be back after leaving just a few days ago. They are also adding new people to their board of directors, including Larry Summers, who used to work for the government.
This decision is a big win for Microsoft, a company that is very supportive of OpenAI. Its shares rose a little after the news.
One company that is going through difficult times is Deere, a company that makes agricultural equipment. Their stock fell 6% because they said they might not make as much money, and that worries people.
There are also reports today about how many people ask for help with money and how confident they feel about spending money. These reports come after the government had a meeting on how much interest people should pay when they borrow money.
With Thanksgiving right around the corner, things could be a little slow in the stock market. On Thursday, the market is closed for Thanksgiving and on Friday it is open for a shorter time.
Also read: Big news: Sam Altman is back at OpenAI