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U.S. markets experienced a sharp sell-off this week amid rising interest rates and affordability concerns, despite strong earnings reports from NVIDIA Corp. (NASDAQ: NVDA) and Walmart Inc. (NYSE: WMT). Investors are awaiting the producer price index (PPI) report scheduled for Tuesday for further insights.
As a reminder, U.S. markets will close on November 27 for Thanksgiving, with an early closure at 1:00 p.m. on Black Friday. This holiday week typically sees lighter trading volumes, which could lead to significant market movements.
This week also saw The Home Depot Inc. (NYSE: HD) lower its full-year guidance, and news emerged that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.B) purchased shares of Alphabet Inc. (NASDAQ: GOOGL), a move that aligns with Buffett’s investment strategies amidst market volatility.
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