U.S. stocks closed out November on a positive note today in abbreviated holiday trading. The S and P five hundred rose zero point five percent, gaining thirty six point forty eight points to close at six thousand eight hundred forty nine point zero nine. The Dow Jones Industrial Average climbed two hundred eighty nine points or zero point six percent, while the Nasdaq gained zero point seven percent. This marked the fifth consecutive day of gains for Wall Street, helping the market finish the volatile month with modest upward momentum.
Stocks rallied this week on investor hopes for another Federal Reserve rate cut in December. However, the month had seen significant turbulence, particularly in mid-November when concerns emerged that artificial intelligence driven stocks like Nvidia had become overvalued. Nvidia lost one point eight percent today and closed November with double digit losses overall.
Looking at year to date performance, the S and P five hundred is up sixteen point four percent, the Dow has gained twelve point two percent, the Nasdaq has surged twenty one percent, and the Russell two thousand small cap index has climbed twelve point one percent.
Trading volume was lighter than normal as markets operated with an early two o'clock Eastern close following the Thanksgiving holiday. The Chicago Mercantile Exchange experienced an hours long outage earlier in the week due to cooling system failures at a data center, which temporarily limited trading activity on several benchmark products.
Looking ahead, investors will closely monitor upcoming economic data including the Institute for Supply Management manufacturing and services surveys along with the A D P private payroll report. These reports will provide critical signals about labor market strength and inflation pressures that could influence the Federal Reserve's December rate cut decision. The coming weeks will prove crucial for determining the Fed's monetary policy path heading into twenty twenty six.
Thank you for tuning in and please remember to subscribe. This has been a Quiet Please production, for more check out quiet please dot ai.
For great deals check out
https://amzn.to/403yeYoThis content was created in partnership and with the help of Artificial Intelligence AI
