[ad_1]
It will likely be a memorable November this year, not only for the much-anticipated Trump-Biden election, but for action in the U.S. stock market.
The Dow Jones Industrial Average and S&P 500 are on track to record the best percentage gain for November since 1928, as the Dow Jones Market Data Group shows up 12.86% and 11.27%, respectively. The Nasdaq Composite is on course to rise 11.86%, the best November since 2001.
TESLA’S MARKET CAP EXPLODES
The recovery in energy stocks, which gained 33.7% through Friday, is on track for a record month as West Texas Intermediate crude oil sits at the $ 45 a barrel level.
Finance and industry are also posting strong gains, posting the best month since April 2009. While consumer staples are at their strongest since October 2000 as consumers fill up with paper towels, disinfectant wipes and toilet paper.
Much of the surge in U.S. stocks in recent weeks, Moody’s Analytics chief markets economist John Lonski told FOX Business of optimism for a COVID-19 vaccine.
“This recession was all about COVID-19 and if you can develop a COVID-19 vaccine and get it distributed fast enough, you’re going to have a V-shaped recovery, you’re going to have real economic growth in 2021, maybe. be 4.5% if not a little more, ”Lonski said.
IF JANET YELLEN BECOMES SECRETARY TO THE TREASURY, SHE WILL MAKE HISTORY AGAIN
Other investors are reporting that former Federal Reserve Chairman Janet Yellen will officially become President-elect Joe Biden’s choice for the post of US Treasury Secretary.
Investors think Yellen is pro-market because she probably supports other stimulus, has experience dealing with the financial crisis, ”including coming out of the 2008 crisis, and of course , his experience with the Fed.
DOW 30,000 MAKES HISTORY
DOW BOOK 30K
The shortened Thanksgiving holiday week, for the first time, yielded 30,000 Dow, before falling slightly.
Teleprinter | security | Latest | Change | Change% |
---|---|---|---|---|
I: DJI | MEDIUM DOW JONES | 29910.37 | +37.90 | + 0.13% |
Still, the move, which has taken 218 days to trade since the last 1,000-point milestone in mid-January, has given investors a clue of what could be a shift from growth stocks to value games.
CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS
LARGEST POINT WINNERS FROM 29K TO 30K
While Microsoft and Apple were the main point winners for the 1000 point milestone.
Teleprinter | security | Latest | Change | % Change |
---|---|---|---|---|
AAPL | APPLE INC. | 116.59 | +0.56 | + 0.48% |
MSFT | MICROSOFT CORP. | 215.23 | +1.36 | + 0.64% |
United Health, Honeywell, Walmart, Nike and Caterpillar followed closely behind, as the Dow Jones Market Data Group shows.
Teleprinter | security | Latest | Change | % Change |
---|---|---|---|---|
High Definition | THE HOME DEPOT INC. | 275.99 | +2.03 | + 0.74% |
A H | UNITEDHEALTH GROUP INCORPORATED | 337.94 | +4.75 | + 1.43% |
SHE | HONEYWELL INTERNATIONAL INC. | 209.41 | +1.73 | + 0.83% |
WMT | WALMART INC. | 151.60 | -0.23 | -0.15% |
OF | NIKE INC. | 134.25 | -1.29 | -0.95% |
CAT | CATERPILLAR INC. | 175.08 | +0.45 | + 0.26% |
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE
[ad_2]
Source link