U.S. Stocks Rise to Record; Treasuries Advance: Markets Wrap
- S&P 500 up 11% in November for best month since April
- Global stocks on track for best month on record; oil drops
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U.S. stocks rose in to a record in thin post-holiday volume as investors assessed valuations with pandemic still raging in parts of Europe and the U.S. Oil retreated amid rising tensions among OPEC+ members.
The S&P 500 closed at an all-time high after rallying 11% in November. Trading volume was only 60% of the average over the past year. The Nasdaq 100 Index jumped 0.8%. The stock market closed at 1 p.m. in New York, while bond trading ends an hour later. Treasuries advanced and the dollar headed for a second weekly decline.