Dow Jones Rebounds Strongly to Close a Volatile Month Heading for New Highs
The Dow ended November with a modest gain after a volatile month, finishing on a strong upswing that hints at further momentum ahead.
Quick overview
- The Dow ended November with a modest gain of 0.32%, despite a volatile month.
- The NASDAQ experienced its first monthly decline since March, dropping 1.51%, while the S&P 500 saw a slight increase of 0.13%.
- A late-month surge in the Dow, driven by improving risk appetite and expectations of a Federal Reserve rate cut, hints at potential upward momentum.
- The week concluded with all major indices posting gains of over 4%, reflecting increased investor confidence.
Live DOW Chart
The Dow ended November with a modest gain after a volatile month, finishing on a strong upswing that hints at further momentum ahead.
Broad Market Overview
The major US indices extended their winning streak to a fifth straight session, closing the week firmly in positive territory. However, monthly performance painted a more uneven picture. The NASDAQ posted its first monthly decline since March, slipping 1.51%, weighed down by weakness in several heavyweight tech names. The S&P 500 managed a modest 0.13% monthly gain, while the Dow Jones Industrial Average added 0.32%, marking a slightly positive performance despite notable turbulence through November.
Index Behavior Through the Month
The Dow briefly printed a fresh record high earlier in the month, but the rally lost steam as broader sentiment cooled. For most of November, the index drifted lower before staging a forceful rebound in the final week. The late-month surge—powered by improving risk appetite and rising expectations of a near-certain December Federal Reserve rate cut—helped stabilize sentiment and signaled the possibility of continued upward momentum into the new month.
Major Index Performance — Friday Close
Dow Jones Industrial Average
- +289.30 points (+0.61%) to 47,716.42
- Weekly gain: +1,907.77 points (+4.16%)
S&P 500
- +36.48 points (+0.54%) to 6,849.09
- Weekly gain: +293.32 points (+4.47%)
NASDAQ Composite
- +151 points (+0.65%) to 23,365.69
- Weekly gain: +1,202.85 points (+5.43%)
The week delivered one of the strongest multi-index advances of the quarter, with tech leading the rebound and broad-based buying lifting sentiment across sectors.
Performance of Major Tech Names
November delivered a sharp divide between tech winners and laggards. Nvidia suffered its weakest month since March, sliding 12.6%, as chip-sector enthusiasm temporarily faded. AMD also dropped 15.11%, while Microsoft and Amazon fell 5.0% and 4.05%, respectively.
In contrast, Alphabet soared 13.87%, making it one of the month’s standout performers. Meta rebounded strongly this week, climbing 9.04% and nearly offsetting its earlier losses to close the month marginally lower at –0.0617%. Broadcom added 9.02%, further highlighting the month’s uneven tech landscape.
Notable Decliners in November
- Raytheon: –36.14%
- Super Micro Computer: –35.76%
- Strategy: –35.66%
- Celsius: –33.35%
- Roblox: –29.00%
- Trump Media & Technology Group: –27.66%
- Oracle: –26.66%
- DoorDash: –25.44%
Standout Monthly Gainers
- Biogen: +23.14%
- Merck & Co: +21.09%
- Alphabet A: +16.61%
- Marriott International: +15.84%
- Western Digital: +15.53%
- Southwest Airlines: +13.60%
- First Solar: +12.91%
- FedEx: +10.42%
Market Outlook
Despite the divergent monthly results, the week’s powerful rally lifted all three major indices by more than 4%, underscoring increasing confidence among investors. The persistent bid under equities—even as some marquee names struggled—suggests that buyers remain engaged. With monetary policy expectations shifting decisively toward easing, the market enters the new month with clear bullish momentum and a favorable backdrop for risk assets.
Dow Jones Live Chart
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