U.S. stocks are kicking off the Thanksgiving holiday week on a positive note, with all major Wall Street indices trading in the green as of midday in New York.

The U.S. dollar index (DXY) has declined to 103.50 levels, marking its lowest point since late August, one day ahead of the eagerly anticipated release of the FOMC minutes from the November meeting.

Oil prices have witnessed a robust rally, with West Texas Intermediate (WTI) climbing more than 3% to breach the $78-per-barrel mark. Investors are now looking ahead to the OPEC+ meeting where the cartel is expected to further cut production to bolster crude prices. The Energy Select Sector SPDR Fund (NYSE:XLE) has registered a 0.5% increase.

Treasury yields have shown little movement, with the 10-year benchmark yield remaining flat at 4.46%.

US Index Performance On Monday

• The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.4% higher to $452.73.
• The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) fell 0.3% to $350.62. 
• The Invesco QQQ Trust (NASDAQ:QQQ) was up 0.8% to $389.04.
• The iShares Russell 2000 ETF (NYSE:IWM) rose 0.5% to $179.19, according to Benzinga Pro data.

Chart Of The Day: Tech Stocks Are Only 5% From All-Time Highs

Sector, Industry ETF Performance

Tech stocks have taken the lead in driving gains, with the Technology Select Sector SPDR Fund (NYSE:XLK) surging by 1%, outperforming all other sectors.

The Utilities Select Sector SPDR Fund (NYSE:XLU) and the Consumer Staples Select Sector SPDR Fund (NYSE:XLP) were the laggards, down 0.5%.

Among industries, solar stocks sharply outperformed, with the Invesco Solar ETF (NYSE:TAN) rallying by 3.4%.

Regional banks softened, with the SPDR S&P Regional Banking ETF (NYSE:KRE) easing 0.5%.

Stocks In Focus

Commodities, Other Global Equity Markets And Crypto

The United States Oil Fund, LP (NYSE:USO), which tracks the price performance of light sweet crude oil, rose 3.1%.

Gold edged 0.4% lower to $1,973/oz, while silver fell 1% to $21.49. 

European equity indices had a mixed sesssion. The SPDR DJ Euro STOXX 50 ETF  (NYSE:FEZ) rose 0.3%.

In emerging markets, Global X MSCI Argentina ETF (NYSE:ARGT) rose as much as 12% following Javier Milei‘s victory of the country’s presidential elections.

Bitcoin (CRYPTO: BTC) was 1% higher to $37,753, while Ethereum (CRYPTO: ETH) rose 2.2% to $2,056.

Shanthi Rexaline contributed to this report.

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