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The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities.
The blue-chip index regained 188.59 points to 44,910.65
The broader index recovered 33.64 points to 6,032.38.
The NASDAQ Composite spiked 157.69 points to 19,218.17.
The Dow added 1.4% this week, bringing its gain for November to 7.5%. The S&P 500 and NASDAQ Composite each advanced 1.1% on the week, ending 2024’s penultimate month higher by more than 5% and 6%, respectively. With those gains, the Dow and S&P 500 notched their best months of 2024.
Lam Research rallied 3%, while Nvidia jumped more than 2%.
The stock market closed at 1 p.m. EST on Friday in observance of the Thanksgiving holiday. There were no economic data releases or corporate earnings reports of note on the docket for Friday.
Prices for the 10-year Treasury jumped, lowering yields to 4.18% from Wednesday’s 4.25%. Treasury prices and yields move in opposite directions.
Oil prices lost 57 cents to $68.15 U.S. a barrel.
Prices for gold jumped $9.10 an ounce to $2,73.90 U.S.
