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Microsoft CEO Satya Nadella speaks during an interview in Redmond, Washington, March 15, 2023.

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The top 10 things to watch on Friday, November 29th

1. U.S. stock futures rose on the final trading day of November as the 10-year Treasury note fell to its lowest level since October 30 and the 2-year Treasury note hit its lowest level since November 8. Wall Street is on track to win week and month. As a reminder, markets close at 1:00 p.m. ET.

2. Bloomberg reported that the Biden administration is considering additional export restrictions on semiconductor equipment and AI chips to China. However, chip stocks are rising as restrictions appear to be less stringent than feared.

3. The S&P 500 Short Range Oscillator closed at 3.94% on Wednesday, suggesting a relatively positive session today could push us into overbought territory. (Anything above a 4% gain would mean the market is overbought; anything below a minus 4% would mean the market is oversold.) Additionally, it will likely be a very low volume trading day, meaning that there is no reason to chase big values ​​is moving upwards.

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