Wall Street Rebounds as Alphabet Powers Thanksgiving Week Rally
Key Takeaways
- S&P 500 gains 1.55%, Nasdaq jumps 2.69% in Monday trading
- Alphabet surges 6.3% following Gemini 3 AI model announcement
- Antelope Enterprise leads gainers with 109% surge; Lixte Biotechnology plunges 80%
Wall Street kicked off Thanksgiving week with strong gains, led by Alphabet’s AI-driven surge that powered major indices higher after recent declines. The rebound marked a positive start to the holiday-shortened trading week.
The S&P 500 climbed 1.55% to close at 6,705.12, while the tech-heavy Nasdaq Composite jumped 2.69% to settle at 22,872.01. The Dow Jones Industrial Average gained 202.86 points, or 0.44%, ending at 46,448.27.
Alphabet Leads AI Sector Rally
Alphabet shares surged 6.3% as investor optimism grew around the company’s position in the artificial intelligence race. The boost followed Google’s announcement of its upgraded Gemini 3 AI model last week, coming nearly eight months after the unveiling of Gemini 2.5.
Other AI-focused companies joined the rally, with Broadcom surging 11.1% and Micron Technology gaining about 8%. Palantir Technologies and AMD advanced 4.8% and 5.5% respectively, while Meta, Nvidia, and Amazon also recorded solid gains.
NASDAQ Top Performers and Decliners
Biggest Gainers
- Antelope Enterprise Holdings (AEHL): +109.09%
- Pasithea Therapeutics (KTTAW): +69.35%
- Splash Beverage Group (SBEV): +52.97%
- Fusion Fuel Green (HTOOW): +51.76%
- MoneyHero Limited (MNYWW): +51.52%
Biggest Losers
- Lixte Biotechnology (LIXTW): -80.08%
- Clearside Biomedical (CLSD): -66.92%
- MSP Recovery Warrant (MSPRZ): -56.32%
- Clene Inc. (CLNNW): -45.88%
- Ardagh Metal Packaging (AMBP): -40.00%
The market’s strong performance sets a positive tone for the holiday week, with AI stocks leading the recovery after recent pressure on the sector.
