Market trading is light before Thanksgiving holiday

Initial application and other data support the rebound in US dollar and US bond yields

On Wednesday (November 22), as economic data showed that consumers' inflation expectations in the next year had further risen, some traders took profits from the dovish bets of the Federal Reserve, and the yield of US treasury bond bonds rose. The final consumer confidence index released by the University of Michigan in November was 61.3, slightly higher than the initial value of 60.4. Last week, the decline in initial unemployment claims exceeded expectations. In other aspects, due to the postponement of the OPEC+meeting scheduled for the weekend, oil prices plummeted, reducing traders' expectations that OPEC will intervene to tighten supply.

Trading was light before the Thanksgiving holiday, and the yield of two-year US treasury bond bonds hovered around 4.9%. The S&P 500 index slightly rose. Amazon's sales climbed before Black Friday and Cyber Monday. Microsoft rose on the news that Sam Altman will re lead OpenAI. NVIDIA's stock price fell after announcing its results.