The U.S. stock market ended on a positive note on Thursday, with the Dow recording its largest monthly gain since October 2022, according to Dow Jones Market Data. Although the Nasdaq Composite saw a slight dip, both the S&P 500 and the Nasdaq still achieved their highest monthly percentage-point increase since July 2022.
Dow Inches Closer to New Milestone
On Thursday, the Dow climbed by 519.91 points or 1.5%, reaching a closing value of 35,950.33 – marking its most substantial daily point gain since November 2. This surge brings the Dow tantalizingly close to a new milestone.
S&P 500 Holds Steady
The S&P 500 also displayed strength, gaining 17.12 points or 0.4% to finish at 4,567.69. The index’s performance throughout November has been exceptional, contributing to its positive monthly outlook.
Nasdaq Experiences Minor Setback
In contrast, the Nasdaq experienced a minor setback, shedding 32.27 points or 0.2% to end November at 14,226.22. Nonetheless, it still maintained an impressive overall performance for the month.
Broad Market Rally
Across the board, the U.S. stock market showcased a broad rally during November. Ten out of the eleven S&P 500 sectors experienced gains, with energy stocks being the only sector to finish the month with a loss due to declining crude oil prices.
Overall, the U.S. stock market demonstrated resilience and recorded significant gains in November. The Dow’s remarkable surge showcased its potential for reaching new milestones, while the S&P 500 and Nasdaq also had a strong showing for the month.