November's US Market Review: Gains in the Dow Jones and S&P 500 Set New Highs
Go Wire
December 2, 2024
GoGPT Summarizes Articles
Indexes in the US stock market at their close of the last trading day of November (November 29) rose collectively. The Dow Jones rose 0.42% at 44,910.65 points. The S&P 500 climbed 0.56% at 6,032.38 points. The Nasdaq leaped up 0.83% at 19,218.17 points.
As of the end of November, the Dow Jones rose 7.54% cumulatively. The S&P 500 accumulatively increased 5.73%. The Nasdaq accumulated 6.21%. The Dow Jones and the S&P 500 posted their best single-month performance since November 2024.
Most of the technology stocks closed higher, with Tesla (NASDAQ: TSLA) rising 3.69%, Netflix (NASDAQ: NFLX) up 1.08%, and Amazon (NASDAQ: AMZN) jumping up 1.05%.
Chip stocks generally closed up, with Nvidia (NASDAQ: NVDA) advancing 2.15%, TSMC (NYSE: TSM) rising 1.92% and Intel (NASDAQ: INTC) gaining 1.69%. Conversely, Super Micro (NASDAQ: SMCI) plunged 6.93%.
Bitcoin rose nearly $98,000 intraday, driving blockchain-related stocks up, with SOS (NYSE: SOS) surging 23.63%, Ebon (NASDAQ: EBON) soaring 17.99%, Bit Digital (NASDAQ: BTBT) up 4.06%, and Riot Platforms (NASDAQ: RIOT) rising 2.26%.
US-listed Chinese stocks mostly rose, with the NASDAQ Golden Dragon China Index (^HXC) closing up 0.60%. Hesai (NASDAQ: HSAI), the world's largest manufacturer of self-driving LiDAR sensors, surged 11.29%. Pony AI (NASDAQ: PONY), Robotaxi's No.1 stock, increased 8.50%. NIO (NYSE: NIO) was up 2.28%.
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