Market Brief 26 November, 2024

Good evening, investors and traders! The markets are showing positive momentum today, with the S&P 500 Index (GSPC) up by 0.48% to 6,014.55 and the Nasdaq 100 Index (NDX) up by 0.33% to 20,889.47. Several key developments are driving market sentiment, including the announcement of a $7.86 billion chips manufacturing award for Intel from the Commerce Department and the news that the Federal Reserve is broadly supportive of gradually lowering interest rates. The UK Financial Conduct Authority is also set to implement final crypto regulations by 2026, which could have a significant impact on the cryptocurrency market. In addition, the US is finalizing a deal to give Intel nearly $7.9 billion in federal grants, which could boost the semiconductor industry. These developments are likely to continue to shape market trends in the coming days.