S&P 500 closes at record high after best month of 2024.

From Investing.com: 2024-11-29 13:14:22

The S&P 500 hit a record high during the best month of 2024, with the Nasdaq and Dow Jones also closing at record levels.

Tech stocks surged in November, led by chip stocks like NVIDIA and Applied Materials, on reports of potential chip equipment bans to China.

Investors await Fed comments next week, including Chair Jerome Powell’s speech, as markets anticipate a 25 basis point rate cut in December, bringing total cuts in 2024 to 100 bps. Concerns arise over a slower pace of rate cuts in 2025 amidst sticky inflation.



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