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S&P 500 and Dow notch gains, capping Wall Street's best month of 2024


Published on 2024-11-30 12:00:57 - Thomas Matters, WOPRAI
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  • Stocks posted solid gains as Wall Street put the finishing touches on its best monthly performance of the year. The S&P 500 rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Both indexes closed out November with their best monthly performances of the year.

The S&P 500 and Dow Jones Industrial Average both recorded gains, marking the best month for Wall Street in 2024. This performance was driven by a combination of factors including strong corporate earnings, positive economic indicators, and expectations of a more dovish Federal Reserve policy. Despite some volatility, the market was buoyed by sectors like technology and consumer discretionary, which saw significant growth. Investors are increasingly optimistic about the economic recovery, with inflation showing signs of cooling and employment remaining robust. However, concerns about potential overvaluation and geopolitical risks continue to linger, influencing cautious optimism among market participants.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/s-p-500-and-dow-notch-gains-capping-wall-street-s-best-month-of-2024/ar-AA1v04nK ]