Dow, S&P Seek Best Month of Year in Shortened Session

November 29,2024 11:17 am EST

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Dow, S&P Seek Best Month of Year in Shortened Session

Stocks ticked higher on Friday at the start of a shortened trading day that will cap a strong month for equities.

The Dow Jones Industrials regained 208.81 points to 44,930.87

The S&P 500 Index recovered 33.82 points to 6,032.56.

The NASDAQ Composite spiked 153.18 points to 19,213.65.

The Dow has added more than 1% week to date, bringing its gain for November above 7%. That's the best month for the Dow since November 2023. The S&P 500 picked up 0.7% and NASDAQ Composite has advanced 0.4%, on the week. Both are slated to end 2024's penultimate month higher by more than 5%.

Applied Materials gained 3% and Lam Research rallied 5%, while Nvidia jumped more than 2%.

The stock market was dark Thursday and will close 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. Trading is expected to be light.

Prices for the 10-year Treasury jumped, lowering yields to 4.21% from Wednesday's 4.25%. Treasury prices and yields move in opposite directions.

Oil prices gained 72 cents to $69.44 U.S. a barrel.

Prices for gold jumped $19.20 an ounce to $2,684 U.S.