Stocks Gain for the Week, Nvidia Fails to Impress, and Gold Shines

Gold climbed to $2,718 per ounce, up by 5.87 percent for the week, outperforming equities.
Stocks Gain for the Week, Nvidia Fails to Impress, and Gold Shines
Traders work on the floor of the New York Stock Exchange at the opening bell on Nov. 13, 2024. Angela Weiss/AFP via Getty Images
Panos Mourdoukoutas
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U.S. stocks, led by small caps, ended the week higher on steady bond yields. A well-anticipated earnings report from Nvidia contributed to market volatility but failed to fuel a rally in large-tech caps. Gold continued to shine, outperforming equities for the week and the year.

The S&P 500 ended Nov. 22 at 5,969, up by 1.68 percent for the week; the Dow Jones finished at a new high, 44,296, up by 1.96 percent; the tech-heavy Nasdaq ended at 19,003, up by 1.73 percent; and the small-cap Russell 2000 finished at 2,406, with a gain of 4.46 percent.

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.”