Wall Street Closes Lower Ahead of Thanksgiving as Nasdaq Leads Declines; S&P 500 Ends 7-Day Streak

Wall Street's main indexes closed lower on Thanksgiving Eve, with the Nasdaq leading the declines as technology stocks faced significant pressure. The S&P 500 ended its seven-day winning streak amid concerns that the Federal Reserve may adopt a cautious approach to rate cuts following persistent inflation data. The downturn in U.S. markets was noted ahead of the Thanksgiving holiday, with reports indicating that only Brazil's Ibovespa index recorded losses in Latin America during this period. Despite the holiday, the S&P 500 later rebounded, extending gains to 30 points, marking the best post-Thanksgiving Friday for the index since 2012.