The major U.S. stock indices sustained their positive momentum for the fifth consecutive week, although the pace of upward movement tempered in what was largely a subdued week of trading. The Dow Jones Industrial Average recorded a notable gain of over 2%, while the S&P 500 posted a modest fractional increase, both reaching new year-to-date highs.
Notably, November emerged as the strongest-performing month of the year for the major U.S. stock indices, effectively mitigating much of the overall decline witnessed in the preceding three months. The NASDAQ exhibited remarkable strength, surging by an impressive 10.7%. The S&P 500 also demonstrated resilience, with an 8.9% increase, while the Dow Jones Industrial Average posted a solid gain of 8.8%.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 98 points, reaching a closing value of 14,403 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, gaining 10 points to settle at 4,604 points. Meanwhile, DJIA Index experienced a notable hike, rising by 2 points during the week and concluding at 36,247 points after a week of gain.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 6 points to reach 2,641 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable hike of 18 points, ending the week at 1,880 points.
