11/28 U.S. stocks rise on end-of-month supply-demand factors
(In the meantime, when I was organizing the U.S. market data for nearly 20 years, I wrote the date of 11/28 as the next day or Monday, or 12/01 in accordance with the Korean market, but since you advised me that it could be misunderstood, I will revise it from today and write it according to the U.S. time. In other words, it has shifted to the U.S. time, not the Korean time.)

The U.S. stock market has seen a significant drop in trading volume since only the market is closed the previous day, but it still continues to rise solidly. In particular, the supply and demand sector is positive, with an influx of assessments that window dressing-like buying at the end of the month drove the index’s rise. In addition, as the year-end shopping season begins, the market’s attention has been focused on retail companies such as Amazon (+1.77%), while Nvidia (-1.81%) has differentiated itself by going on sale (Dow +0.61%; Nasdaq +0.65%, S&P 500 +0.54%; Russell 2000 +0.58%; Philadelphia Semiconductor Index +1.82%)

• Variants: Thanksgiving Sales, Bitcoin And Precious Metals

Data announcing the start of the U.S. Thanksgiving shopping season showed mixed reviews by institutions, but overall, external growth continued. Adobe Analytics reported that online sales in the U.S. rose 5.3 percent year-on-year to 6.4 billion dollars on Thanksgiving Day, a new all-time high, and is expected to reach 11.7 billion dollars (+8.3 percent) on Black Friday. Salesforce, on the other hand, saw its sales rise only 3 percent to 8.4 billion dollars, and its average unit price (ASP) rose 8 percent due to tariffs, but orders fell 2 percent, suggesting the burden of consumption due to rising prices. The discount rate was around 28 percent on average, and discounts on cosmetics, household goods, and high-end clothing were high. Related news drove the rise in retail stocks such as Amazon

However, behind these all-time sales, there is a risk of a surge in the use of BNPL services. According to actual data released, consumers, who have become cash-strapped due to high prices, are relying heavily on BNPL payments with loose credit ratings. This raises concerns that it could lead to poor household debt in early 2026. In other words, this Black Friday season may have good external sales figures, but qualitatively, it is a factor that raises concerns about future consumption cliffs in that it is a consumption that has advanced future income. In particular, given K-shaped consumption, this move is expected to expand below the middle class, putting a burden on the U.S. economy in the future.

In the midst of this, the cryptocurrency market is in conflict with the supply and demand. The news of Central Asian countries such as Uzbekistan (introduction of stablecoins in 2026) and Turkmenistan (legalization of cryptocurrency) being incorporated into the system was positive, but bitcoin prices failed to settle in the mid-$90,000 range and were pushed to the early $90,000 range. This suggests that the market recognizes the news as a good thing, but feels the level burden due to the short-term surge. Rather, silver and platinum prices have soared by more than 5%, highlighting them as a hedging tool against debt risks. In particular, silver is one of the reasons for the surge in silver prices, as China’s demand (solar, etc.) has surged and inventory has fallen to a 10-year low.

• Featured Stocks: Nvidia Down Vs. Amazon Up

SEMICONDUCTOR: Nvidia Continues To Be Slump Vs. Intel, Micron Rises
Nvidia (-1.81%) continues to fall as Oracle’s decline and OpenAI’s debt outsourcing issues are highlighted in the absence of new issues. AMD (+1.54%) and Broadcom (+1.36%) continue to remain solid. Micron (+2.70%) rises as DRAM and NAND prices continue to rise in the fourth quarter, highlighting expectations for its performance. Intel (+10.19%) rises sharply as analyst Ming Chi-kuo claims to produce low-end M-series processors for Apple’s MacBook Air from the second quarter of 2027. Philadelphia Semiconductor Index rose 1.82%

Automobiles: Rising amid supply and demand impact in the absence of new issues
Tesla (+0.84%) rose on news of the launch of a free trial version of FSD v14 in North America, but overall the change was limited. Most of the automobile industries are strong, including GM (+0.98%) and Ford (+0.68%). Secondary battery companies such as Quantum Skape (+1.16%) and lithium-related companies such as Albemarle (+2.43%) also rose due to supply and demand factors in the absence of new issues

Big Tech Stocks: Bullish buying and expectations for year-end shopping season
Amazon (+1.77%) rose, reflecting the expectation of increased online sales during the year-end shopping season. In particular, it can be said that the inflow of supply and demand has been affected. Alphabet (-0.05%) showed a downward trend amid a high desire for profit-taking during the market, but it reduced its fall due to supply and demand factors such as the inflow of call option buying in options trading, and ended up closing the flat area. Apple (+0.47%) had a limited fluctuation, reflecting the impact of supply and demand, although expectations for the year-end shopping season were introduced. MS (+1.34%) and Meta Platforms (+2.26%) rose due to the inflow of backlash buying due to falling factors.

Software: Most rise due to supply and demand factors despite Oracle slump
Palantir (+1.62%) has risen due to the inflow of reversals following the decline. On the other hand, Oracle (-1.47%) fell in the aftermath of Morgan Stanley’s warning of rising CDS premium. However, the fall was partially reduced due to the continued buying spree following the decline during the day. Other software companies such as Salesforce (+1.05%) and ServiceNow (+1.21%) also rose due to the inflow of buying amid a significant decline in trading volume.

Quantum, nuclear, power grids: Strong end-of-month supply-demand factors
Analysts say that the administration of funds for M&A by IonQ (+5.12%) is not efficient, but it has risen due to supply and demand factors amid low volume of transactions. Other quantum computer-related theme stocks such as Liggeti Computing and D-Wave Quantum (+1.16%) are also fluctuating due to supply and demand factors. Nuclear power generation companies such as Oklo (+3.00%) and NewsCale Power (+5.04%) as well as Constellation Energy (+1.47%) and Vistra (+1.47%)