S&P 500 Posts Best Month Since April Amid Vaccination Hopes
The S&P 500 fell 0.5 percent but surged 10.8 percent in November, its best month since April, while the Dow rose to near record levels. Hoffers note vaccine progress from Moderna Pfizer BioNTech and AstraZeneca boosted sentiment as investors weigh a divided Congress and a trending economic recovery against rising COVID-19 cases and restrictions. The market faces renewed volatility as energy and financial groups lead gains before profit-taking and fresh economic data.
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U.S. Bank Wealth Management
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Northern Trust Wealth Management
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Biden taps Yellen to lead Treasury and names diverse economic team
President elect Joe Biden announced his senior economic lineup including Janet Yellen to head the Treasury, Neera Tanden for OMB, Wally Adeyemo as deputy secretary, and Cecilia Rouse Jared Bernstein and Heather Boushey on the White House council. The slate aims for historic firsts with women and people of color leading key posts amid the pandemic recovery.
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