Stocks finished strong on the last day of November, helping major indices move further into positive territory. The S&P 500 closed up 1.8% to 2,760.17, the Dow Jones Industrial Average (DJIA) ended up 1.7% to 25,536.46, and the NASDAQ closed up 0.3% to 7,330.54. Rumors of easing trade tensions with China on Friday helped the NASDAQ move into positive territory for the month. Only the Russell 2000 is in negative territory for the year.
The month was highly volatile, as investors feared continued trade tensions as well as a tightening monetary policy. The end-of-the-week optimism surrounding trade with China reinforced the week’s overall market optimism, which stemmed from Fed Chairman Jerome Powell’s comment that rates are just below their neutral level. The S&P 500 finished the week up 4.8%, or its best week since 2011, and the DJIA closed the week up 5.2%, its best week since November 2016.