U.S. Stocks Conclude Stellar Month with Robust Thanksgiving Day Surge
Wall Street showcased solid gains in the shortened trading session on Friday, marking November as one of the most profitable months of 2024. The S&P 500 ascended by 0.6%, and the Dow Jones Industrial Average advanced by 0.4%. Both indexes recorded their best monthly performances of the year. The Nasdaq contributed with an increase of 0.8%, driving markets towards remarkable monthly gains.
The Dow’s standout performance exhibited an extraordinary 7.5% gain in November, effortlessly marking its best month of 2024. The leading contributors included:
- Disney with a 22.1% monthly gain
- Goldman Sachs, which rose 17.5% to $608.57
- Salesforce, climbing over 13% to $329.99
Tesla shares also surged 3.7% on Friday, posting a monthly increase of more than 38%. This surge occurred as investors continued to remain optimistic about CEO Elon Musk’s relationship with President-elect Donald Trump.
The abbreviated trading session concluded at 1 p.m. ET. Investors kept a close eye on Black Friday shopping activity, with retailers hopeful that holiday spending will boost fourth-quarter earnings.
Source: US News