28.11.202518:03:57UTC+00US Stocks Close November Strong

U.S. stocks concluded November on a positive note, with modest gains during the final trading session. The S&P 500 increased by 0.5%, the Nasdaq advanced by 0.8%, and the Dow Jones Industrial Average rose by 0.6% on Friday, despite the session being shortened due to the Thanksgiving holiday. Investor confidence appears to have strengthened, with market participants attributing an 80% to 85% probability to a forthcoming interest rate cut by the Federal Reserve in the coming weeks. The communication services sector led the gains, while the healthcare sector lagged behind. Performance among large-cap tech stocks was mixed: Microsoft climbed 1.3%, Amazon rose 1.8%, Meta advanced 2.3%, Broadcom gained 1.4%, and Tesla increased 0.8%, whereas Nvidia fell 1.8% and Alphabet remained largely unchanged. Earlier, trading was briefly disrupted by a technical outage at the Chicago Mercantile Exchange due to cooling system failures at a local data center, contributing to intraday market volatility. Throughout November, the S&P 500 remained relatively stable, the Dow Jones edged up by 0.3%, and the Nasdaq fell by 1.6%, breaking a seven-month winning streak as investors reevaluate the high valuations of AI-related stocks.