Stocks closed sharply higher for a second time in as many days this holiday-shortened trading week, although Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.

The Dow Jones (DJIA) is trading higher ahead of Thanksgiving after the Department of Labor announced that applications for initial U.S.

Investors have worried about lofty technology valuations amid concerns over steep artificial intelligence spending.

Major stock indexes closed sharply higher Friday, but nevertheless posted weekly losses on concerns about AI spending and valuations of big tech firms.

US stocks ended sharply higher Tuesday, building on a broad rebound fueled by growing optimism that the Federal Reserve will deliver a rate cut next month, while tech heavyweights Alphabet (GOOG, GOOGL) and Apple (AAPL) posted record highs.

The Dow Jones recovered 800 points from the lows of the session to end with gains of 650 points. The index has now rallied 1,360 points in the last three sessions, recovering 55% of the recent 2,500-point sell-off.

Investors drove the Dow to back-to-back record gains shrugging off concerns about an AI bubble and the lack of economic data tied to the government shutdown.

The stock market had its worst day in a month on Thursday after another wave of technology stock selling spread to the broader market. The Dow Jones Industrial Average fell 816 points, or 1.7%. The S&P 500 was down 1.7%. The Nasdaq Composite was down 2.3%.

The fall below 46,500 last week strengthens the bearish case to see more fall. Resistance is in the 46,600-46,700 region which can cap the upside now. As long as the index remains below 46,700, the bias will remain negative.

Next year may not be a repeat of the past three years, and your portfolio can benefit tremendously from a shake-up. Dividend ETFs like SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA:DIA), Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY),

This ETF is beating the Dow by a better than 5-to-1 margin this year -- and thanks to its AI intersections, the good times could continue in 2026.

The Dow Jones Industrial Average and other major indexes pushed higher in the stock market today, heading into the Thanksgiving holiday. The technology sector was a top performer in Wednesday's session,