Getting back from the Thanksgiving holiday, Wall Avenue closed the day, week, and month all larger. The Dow and S&P 500 scored document closes to wrap up their greatest months since November 2023. Tech powered the Nasdaq larger to every day, weekly, and month-to-month wins, whereas the small-cap Russell 2000 Index (RUT) logged its greatest month of the yr as properly. In opposition to this rising bullish backdrop, buyers’ “concern gauge,” the Cboe Volatility Index (VIX), simply turned in its worst month since November 2020.
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- 2 U.S.-based chip stocks to observe amid reviews of restrictions.
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- Plus, crypto shares pop; a BTU purchase sign; and revisiting this week’s greatest tales.
5 Issues to Know Right now
- China is about to start out limiting exports of critical metal tungsten this weekend, although different suppliers are starting to reopen. (CNBC)
- The U.Okay. intelligence chief mentioned Russia is conducting a “staggeringly reckless” sabotage marketing campaign towards Ukraine’s Western allies. (MarketWatch)
- Crypto-adjacent stock driving Bitcoin wave.
- ‘Oversold’ coal mining stock able to rally.
- Extra on the shares driving Wall Avenue’s winning month.
There have been no earnings of word at the moment.
There was no uncommon quantity to report at the moment.
Gold Heads for Worst Month of 2024
Oil costs posted a hefty 2.8% weekly loss, however moved larger for the day. The ceasefire between Israel and Hezbollah helped qualm worries which have lingered over crude provides, whereas the Group of the Petroleum Exporting Counties and its allies (OPEC+) delayed its assembly till Dec. 5. For the session, January-dated West Texas Intermediate (WTI) crude rose 54 cents, or below 0.8%, to settle at $69.26 per barrel.
Gold costs dropped 3% to date this month, and are on observe for his or her worst month this yr. Nonetheless, bullion is larger at the moment because the greenback falls and geopolitical tensions stay elevated. For the session, gold for December supply was final seen 0.5% larger close to $2,652.50 an oz.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
