Wall Street is currently experiencing a surge, with the S&P 500 index reaching 4,560 points, a level closely monitored by analysts, during midday trading in New York ahead of Thanksgiving. The S&P 500 is currently testing a downward trendline that connects the highs of January 2022 to the highs of July 2023, and all-time highs are now less than 6% away. The CBOE Volatility Index (VIX) has dropped below the 13 mark, indicating a remarkably low level of market anxiety. In terms of individual stocks, NVIDIA Corp. and Tesla Inc. saw losses of 2.3% and 3.7% respectively, while Advanced Micro Devices Inc. experienced a nearly 4% increase, making it the best performer in the S&P 500. Microsoft Corp. reached a new all-time high. Economic data released today reflects positive developments in the mortgage market, lower-than-expected jobless claims, and an upward revision in the University of Michigan Consumer Confidence index for this month. Crude oil prices dropped over 2% due to disputes within the OPEC+ cartel. In terms of ETFs, the SPDR S&P 500 ETF Trust, the SPDR Dow Jones Industrial Average ETF, and the Invesco QQQ Trust experienced gains, while the iShares Russell 2000 ETF also rose. Tech and communications services sectors saw gains, while energy experienced a decline. The Mortgage Bankers Association reported a decrease in mortgage interest rates and an increase in mortgage applications. Other economic data includes a decline in durable goods orders and a decrease in unemployment benefits. Carnival Corp. saw a rise in stock price after Citigroup reinstated coverage with a “Buy” rating, while Deere & Co. slumped after issuing a soft outlook for 2023. Autodesk, Inc. also saw a decline in stock price despite beating analysts’ estimates. In the commodities market, the United States Oil Fund, LP fell, while gold and silver prices experienced slight declines. European equity indices saw small gains, and in the cryptocurrency market, Bitcoin and Ethereum both saw increases in value.