Thanksgiving Week and the stock market

Kingsview Wealth Management Chief Investment Officer Scott Martin joined 'Kennedy' to weigh in on reports the average Thanksgiving turkey costs $34 and inflation's impact on food prices.Before markets pause for the holiday, traders will get to study quarterly earnings before the bell from the maker of John Deere tractors, Deere & Co.

Because of the Thursday holiday, a slew of economic reports will be released on Wednesday including mortgage applications, building permits, durable goods, initial jobless claims, University of Michigan consumer sentiment index, new home sales, and the Energy Information Administration's weekly crude stocks.

The Federal Reserve will also release the minutes from its October meeting in the afternoon, which will hold more clues on the pace and size of future rate hikes. The Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York.as U.S. equity markets will be closed.Stock futures will trade on an abbreviated schedule. They will trade until 1 p.m. ET.Trading action will resume on Friday, where the focus will largely be on retailers as shoppers hit the stores.Markets will be on an abbreviated schedule.CME Energy and metals futures early halt at 1:45 p.m. ET.

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Here's the stock market's Thanksgiving week track record — stretching back to 1950You may have heard that Thanksgiving week is usually --- though far from always --- a positive for stocks. Dow Jones Market Data tracked down the historical performance going back to 1950. Here's what they found: Not counting this year, the S&P 500 has risen 49 out of 72 times during Thanksgiving
Source: MarketWatch - 🏆 3. / 97 Read more »