Stocks

Stocks End Another Week With Gains in the Best Month of the Year

The Federal Open Market Committee showed strong support for a gradual cut in interest rates, according to minutes released this week.
Stocks End Another Week With Gains in the Best Month of the Year
Traders work on the floor of the New York Stock Exchange during morning trading in New York City on Nov. 26, 2024. Michael M. Santiago/Getty Images
Panos Mourdoukoutas
|Updated:
0:00

U.S. stocks ended another week with solid gains, helped by the prospects of lower interest rates and healthy economic growth. The holiday spirit aided positive investor sentiment. The two-week gain helped turn November into the best month of the year.

The S&P 500 ended Nov. 29 at a new high of 6,032, up by 1.41 percent for the week; the Dow Jones was up by 2.37 percent to another new high of 44,910; the Nasdaq was up by 1.3 percent to 19,218; and the small-cap Russell 2000 gained 2.99 percent to end at 2,434.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”