NewsWare’s Trade Talk: Friday, November 29

S&P Futures are displaying positive action this morning as the markets prepares for a shortened trading session for the last trading day of the month. Solid gains in retail & semiconductor stocks. The Biden administration is considering additional restrictions on the sale of semiconductor equipment and AI memory chips to China, however the expectations are for the restrictions to be less stringent than their previous plan. MSFT is under pressure this morning as the FTC is launching a broad investigation. In Europe, stocks have reversed course and are now trading higher. Oil prices are trading lower, OPEC pushes back its scheduled meeting by 48 hours.