Stocks head into Thanksgiving week on the tailwind of central bank easing.
Typically a positive week and time of year for stocks, analysts expect the market to continue to head higher. The big event for financial markets is the Thanksgiving Day meeting of OPEC, which may or may not cut production to boost world oil prices. Whatever the cartel does stands to surprise markets and create volatility, since there is such a split in expectations on Wall Street.
Stocks rallied Friday after China's central bank announced a surprise rate cut to help its property market amid weaker growth. Earlier Friday, European Central Bank President Mario Draghi opened the door for a more expansive asset purchase program in Europe, which also boosted stocks and other risk assets.