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November Rally Lights Up Stock Market As Speculation Grows Over Potential Fed Rate Cuts: The Week In The Markets

The S&P 500 index rose 8.9% in Nov, tech stocks (Nasdaq 100) up 10.8%. Bond yields dropped; metal commodities thrived as the Fed hinted at rate cuts in 2024. VIX at pre-pandemic low; Berkshire Hathaway relying on 'buy & hold' thesis.

QQQ

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Asia Markets Mostly Lower, Europe On The Rise, Gold Steady Above $2K Levels – Global Markets Today While US Was Sleeping

On Thursday, Nov. 30, U.S. stock markets closed mixed, with the Dow Jones Industrial Average gaining more than 500 points. In economic data, The U.S. October personal consumption expenditure price index remained stable, following September’s 0.4% increase. Annual core PCE inflation decreased to 3.5% from 3.7%.

ADIV

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OPEC+ Said To Have Approaching Preliminary Agreement For Deeper Oil Production Cuts For Next Year

The Organization of the Petroleum Exporting Countries and its allies (OPEC+) have collectively decided to implement an additional 1 million barrels a day of oil supply cuts, reinforcing Saudi Arabia's recent extension of its equivalent voluntary reduction.  Oil prices moved higher, with WTI trading at $77.82 and Brent crude oil moving around 83.90.

BNO

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Dow Jumps Around 200 Points; US Core PCE Inflation Slows In October

U.S. stocks traded mostly higher this morning, with the Dow Jones index gaining around 200 points on Thursday. Following the market opening Thursday, the Dow traded up 0.56% to 35,630.09 while the NASDAQ fell 0.11% to 14,242.75. The S&P 500 also rose, gaining, 0.06% to 4,553.49.

AGRI

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Asia Markets Close Higher, Europe Rises, And Crude Oil Gains – Global Markets Today While US Was Sleeping

On Wednesday, November 29th, U.S. stock markets closed mixed amid easing recession worries and uncertainty over the Fed's policy duration, with investors awaiting the PCE inflation report. In economic data, U.S. Q3 economic growth outperformed at 5.2%, surpassing expectations, while the October trade deficit widened to $89.8 billion from $86.8 billion in the prior month.

ADIV