Stocks ended mostly higher on Wall Street and closed out November with big gains.
The S&P 500 rose 0.4 percent Thursday. The index rose 8.9 percent in November, its biggest monthly gain in more than a year. The Dow jumped 520 points with an assist from Salesforce, which reported better-than-expected results and raised its outlook. The Nasdaq composite fell 0.2 percent.
The stock market has been mostly rising in recent weeks as investors hope the Federal Reserve is finally done raising interest rates. Those hopes got more support with a report showing that the Fed’s preferred measure of inflation cooled last month.
On Thursday:
The S&P 500 rose 17.22 points, or 0.4 percent, to 4,567.80.
The Dow Jones Industrial Average rose 520.47 points, or 1.5 percent, to 35,950.89.
The Nasdaq composite fell 32.27 points, or 0.2 percent, to 14,226.22.
The Russell 2000 index of smaller companies rose 5.21 points, or 0.3 percent to 1,809.02.
For the week:
The S&P 500 is up 8.46 points, or 0.2 percent.
The Dow is up 560.74 points, or 1.6 percent.
The Nasdaq is down 24.64 points, or 0.2 percent.
The Russell 2000 is up 1.52 points, or 0.1 percent.
For the year:
The S&P 500 is up 728.30 points, or 19 percent.
The Dow is up 2,803.64 points, or 8.5 percent.
The Nasdaq is up 3,759.74 points, or 35.9 percent.
The Russell 2000 is up 47.77 points, or 2.7 percent.
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