US open: Major indices trade higher, tech leads gains in holiday-shortened week

(Sharecast News) - The Thanksgiving holiday shortened week got underway with early gains on Monday, following recent weakness that has dented this year's AIdriven rally.

As of 1445 GMT, the Dow Jones Industrial Average was up 0.08% at 46,283.25, while the S&P 500 advanced 0.72% to 6,650.25, and the Nasdaq Composite came out of the gate 1.47% firmer at 22,599.91.

The Dow opened 37.84 points higher on Monday, building on solid gains recorded in the previous session.

Monday's early moves follow Friday's gains, which came after New York Federal Reserve president John Williams signalled scope for "further adjustment" to interest rates, leaving the door open to a potential cut in December. Futures markets now price in almost a 70% chance of a quarterpoint cut at the FOMC's final meeting of the year on 10 December, up from around 44% a week earlier.

Shares in tech giant Alphabet were in the green early on Monday as investors grew more confident about the Google parent company's position in the artificial intelligence space following the unveiling of its upgraded AI model, Gemini 3.

Elsewhere in the corporate space, Zoom Communications will report its latest quarterly earnings after the close.

On the macro front, the Dallas Federal Reserve's November manufacturing index will be published at 1530 GMT.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $35.43 2.69%

Microsoft Corp. (MSFT) $471.83 0.00%

Nike Inc. (NKE) $62.62 0.00%

Salesforce.Com Inc. (CRM) $226.80 0.00%

Apple Inc. (AAPL) $269.88 0.00%

Dowdupont Inc. (DWDP) $0.00 0.00%

Walt Disney Co. (DIS) $103.30 0.00%

Johnson & Johnson (JNJ) $203.99 0.00%

Chevron Corp. (CVX) $148.57 0.00%

Travelers Company Inc. (TRV) $290.41 0.00%

Dow Jones - Fallers

Cisco Systems Inc. (CSCO) $76.10 0.00%

Merck & Co. Inc. (MRK) $101.41 0.00%

Caterpillar Inc. (CAT) $553.99 0.00%

Microsoft Corp. (MSFT) $471.83 0.00%

Nike Inc. (NKE) $62.62 0.00%

Visa Inc. (V) $328.70 0.00%

Unitedhealth Group Inc. (UNH) $321.06 0.00%

Home Depot Inc. (HD) $340.68 0.00%

Dowdupont Inc. (DWDP) $0.00 0.00%

Walt Disney Co. (DIS) $103.30 0.00%

S&P 500 - Risers

Micron Technology Inc. (MU) $220.29 6.23%

Alphabet Inc. Class C (GOOG) $316.55 5.64%

Seagate Technology Plc (STX) $247.07 4.03%

Wynn Resorts Ltd. (WYNN) $124.24 3.88%

Biogen Inc (BIIB) $179.69 2.50%

Incyte Corp. (INCY) $104.59 2.48%

KLA-Tencor Corp. (KLAC) $1,124.03 2.45%

Intel Corp. (INTC) $35.26 2.22%

Synopsys Inc. (SNPS) $395.99 1.96%

Meta Platforms Inc. (META) $604.94 1.80%

S&P 500 - Fallers

Cintas Corp. (CTAS) $182.65 -1.70%

Apache Corp. (APA) $23.56 -1.63%

Cognizant Technology Solutions Corp. (CTSH) $74.89 -1.44%

Verisk Analytics Inc. (VRSK) $220.34 -1.26%

O'Reilly Automotive Inc. (ORLY) $99.17 -1.25%

Adobe Systems Inc. (ADBE) $320.76 -1.06%

News Corp Class A (NWSA) $25.42 -1.03%

Paypal Holdings Inc (PYPL) $59.96 -1.02%

Dollar Tree Inc (DLTR) $100.81 -0.99%

Paychex Inc. (PAYX) $110.50 -0.86%

Nasdaq 100 - Risers

Baidu Inc. (BIDU) $118.69 6.98%

Micron Technology Inc. (MU) $221.26 6.70%

Tesla Inc (TSLA) $415.75 6.31%

Alphabet Inc. Class C (GOOG) $316.49 5.62%

Wynn Resorts Ltd. (WYNN) $125.86 5.23%

Seagate Technology Plc (STX) $249.05 4.87%

Biogen Inc (BIIB) $183.36 4.60%

NetEase Inc. Ads (NTES) $139.68 4.57%

Incyte Corp. (INCY) $105.32 3.19%

KLA-Tencor Corp. (KLAC) $1,130.07 3.00%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $9.09 -6.09%

Vodafone Group Plc ADS (VOD) $11.81 -2.44%

Cintas Corp. (CTAS) $183.29 -1.35%

O'Reilly Automotive Inc. (ORLY) $99.09 -1.33%

Check Point Software Technologies Ltd. (CHKP) $184.65 -1.30%

Dollar Tree Inc (DLTR) $100.59 -1.21%

T-Mobile Us, Inc. (TMUS) $207.54 -0.92%

Verisk Analytics Inc. (VRSK) $221.30 -0.83%

Paychex Inc. (PAYX) $110.70 -0.68%

eBay Inc. (EBAY) $80.35 -0.61%