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Stocks closed November with their strongest week in nearly six months as tech strength, solid economic data, and rising expectations for a December Fed rate cut powered a sharp rebound. The S&P 500 is up 16.7% this year despite spring volatility, keeping alive the possibility of a third consecutive 20% annual gain. Risks remain from tariff rulings, the upcoming Fed chair decision, and cautious retail sentiment.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Wall Street ended November with its strongest week in nearly six months,
00:05reversing steep earlier losses, according to Barron's.
00:08The S&P 500 has posted a double-digit gain this year,
00:11driven by strength in major tech stocks, a solid U.S. economy,
00:14and expectations of future rate cuts.
00:16Gains in major tech stocks, steady economic data,
00:19and expectations for a December rate cut have helped the index rise 16.7% this year
00:23after a sharp April sell-off.
00:26Market strategists and investors who held through volatility
00:28benefited from a powerful rebound.
00:30The potential third straight 20% annual advance is still possible.
00:34Risks remaining, including a potential Supreme Court ruling on tariffs,
00:37the president's upcoming Fed chair selection,
00:39and cautious retail investor sentiment.
00:41For all things money, visit Benzinga.com.
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