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Mon, December 2, 2024
[ 10:31 AM ] - United States, Thomas Matters
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Stock market today: Indexes trade mixed as traders take a breather after the best month of 2024


Published on 2024-12-02 10:01:13 - Thomas Matters, WOPRAI
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  • There was a 3.4% year-over-year increase in US retail sales on Black Friday, with online sales driving the bulk of the gains, according to Mastercard

The article from Business Insider discusses the stock market's performance in November 2024, highlighting it as potentially the best month of the year for stocks. The S&P 500 and Dow Jones Industrial Average both saw significant gains, with the S&P 500 up 8.9% and the Dow up 7.2% for the month. This surge was driven by optimism around cooling inflation, a dovish Federal Reserve, and strong corporate earnings. Investors are now assessing whether this momentum can carry into December, with some caution due to seasonal trends and upcoming economic data releases. The article also mentions that despite the gains, there are concerns about overvaluation and the possibility of a market correction, with experts suggesting a cautious approach to new investments.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-investors-asses-best-month-year-sp500-dow-2024-12 ]

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