The stock market ended November on a low note, with the Dow Jones index dropping roughly 270 points by the ring of the closing bell. Still, the total month saw another substantial increase in market gains, continuing a solid trend of growth heading into the end of the year. The S&P 500 has been a key driver in this economic rebound, and data across the entire year shows how it’s been more than just tech companies leading the charge.
, November had 464 stocks in the S&P 500 that ended positively for the month. That’s the second highest for the year, right behind April’s recovery of 478 stocks. After a relatively slow September and October, economists are optimistic that the trend of growth will continue into December.
The Wall Street Journal showed how a number of market indicators are pointing to a widening rally to end the year. Large technology stocks are only continuing their dominant performances, and experts are hoping they’ll drive the success of other important industries. Despite COVID-19 cases still surging across the country, these signs of a recovery coupled with the imminent arrival of a vaccine has investors bullish heading into 2021.
