Stock Market News: Alphabet inches closer to $4T, consumer spending rises in Midwest

The stock market experienced positive momentum on November 26, 2025, with the S&P 500 rising by 0.7% and the Nasdaq Composite also gaining, largely driven by a significant surge in Robinhood's stock. This marks the third consecutive day of market gains, reflecting a rebound from previous declines earlier in the month.

U.S. stock indexes continued their upward trend for the fourth consecutive session, buoyed by optimism surrounding potential interest rate cuts and renewed interest in technology stocks, particularly in the AI sector. The Nasdaq composite rose by 0.8%, while the S&P 500 increased by 0.7%.

The latest Market Talks provide insights on major players in the Technology, Media, and Telecom sectors, including Telus, Alibaba, Nvidia, and Oracle, reflecting current market trends and company performances.

Nvidia's stock has seen a significant decline, losing nearly $200 billion in market capitalization over the past week, prompting concerns among traders about the sustainability of the AI boom. Jim Cramer has made a blunt call regarding the stock, reflecting the heightened anxiety in the market.

Dan Ives of Wedbush Securities has characterized Nvidia as the 'Rocky Balboa champion' of artificial intelligence, emphasizing the company's ability to meet soaring demand despite competition from Google. Ives expressed confidence in Nvidia's market position during an appearance on Bloomberg Surveillance.

JPMorgan has issued a surprising price prediction for the S&P 500 for 2026, indicating a bullish outlook for the index. This forecast aligns with a broader trend of optimism in the stock market, as various sectors are showing signs of recovery and growth.

A global rally in stock markets has commenced, yet Nvidia's performance has been a point of contention, with investors largely ignoring the company's strong earnings report. Despite reporting record revenues of $57 billion, Nvidia's stock faced a selloff, reflecting a disconnect between its financial success and market sentiment.

The stock market saw a positive shift today, with the Dow Jones Industrial Average rising as Nvidia shares rallied following strong earnings reports. Weekly jobless claims data was also released, contributing to market sentiment.