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Stock market today: S&P 500 and Dow post gains and close out best month of 2024

Stock market today: S&P 500 and Dow post gains and close out best month of 2024


Published on 2024-11-29 18:01:00 - Thomas Matters, WOPRAI
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  • The Dow rose 7.5% in November, easily its best month of 2024. The Walt Disney Co. has the biggest percentage gain for the month at 22.1%, but the price-weighted index also got a boost from Goldman Sachs, up 17.5% to $608.57 and Salesforce, up more than 13% to $329.99.

The article from ABC News discusses the mixed performance of Asian shares following a day where U.S. markets experienced significant gains. The S&P 500 rose by 1%, driven by strong performances in technology and retail sectors, with companies like Tesla and Amazon leading the charge. Despite this, concerns about inflation and potential Federal Reserve actions continue to loom over the market. In Asia, markets like Tokyo's Nikkei 225 saw gains, while Hong Kong's Hang Seng Index experienced losses. The article also touches on the broader economic environment, mentioning that while inflation has eased, it remains above the Fed's target, influencing expectations for future interest rate decisions. Additionally, there's mention of specific corporate news, such as Ford's stock drop due to a recall of over 1.5 million vehicles, and the ongoing impact of geopolitical tensions and economic recovery from the global health crisis.

Read the Full ABC Article at:
[ https://abcnews.go.com/Business/wireStory/stock-market-today-asian-shares-mixed-us-markets-116313361 ]

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