November proves strongest month for Wall Street since 2022
The S&P 500 gains 0.4 percent as November delivers an 8.9 percent monthly rise, the best since July 2022, with the Dow up 1.5 percent and Nasdaq up 10.7 percent. Microsoft and Nvidia lead tech gains while yields fall, supporting stock valuations amid easing inflation and bets that the Fed will hold rates steady into year end. Analysts note the market faces an overbought pause but expect further upside into December and potential soft landing for the economy.
MENTIONED IN THIS ARTICLE
Federal Reserve
Fed
Microsoft
Nvidia
Treasury
Quincy Krosby
LPL Financial
Commerce Department
Wall Street
OPEC expands cuts as Brazil joins next January
OPEC led by Saudi Arabia and allies including Russia extended voluntary output cuts through early next year and added Brazil to the group in January, signaling a push to restrain supply amid uncertainty about the global economy. Markets remained tepid as criticisms of a partial deal echoed and traders eyed broader commitments.
MENTIONED IN THIS ARTICLE
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OPEC
Saudi Arabia
Russia
Brazil
U.S
Jorge Leon
Rystad Energy
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