November market recap: At home and abroad
Money
The total U.S. stock market climbed nearly 7% in November, with most of the gains coming in the days immediately following the election.
The total U.S. stock market climbed nearly 7% in November, with most of the gains coming in the days immediately following the election.
Big displays of confidence were literally everywhere in last week’s news, from Bitcoin surpassing the $100,000 mark to more mundane areas of the market, too.
While the economy is showing signs of softening, the labor market is holding up, keeping the Fed hopeful that total and core inflation will be at 2% in another year.
Last weeks events showed markets usually pay only passing attention to geopolitical events unless they directly (and immediately) impact the economy in the here-and-now.
The Fed’s quarter-point interest rate cut in November, hot on the heels of September's larger half-point decrease, has many people wondering what it means for their finances.
The economy continues to lurch along in fits-and-starts like runners on the final leg of a road race, but the good news is the Fed isn’t in a rush to keep cutting rates.
2024 has been a year of major CEO shake-ups at some of the world’s biggest companies, with new faces at the helm of iconic brands like Nike, Starbucks, Estee Lauder, and The Walt Disney Company.
Global stock indices failed to extend a five-month winning streak in October. U.S. stocks finished marginally lower while international stocks were down over 4%.
No matter who prevailed on Tuesday night, there was always going to be another showdown – one where votes are counted in dollars and cents rather than bubbled-in ballots.
So far, third-quarter earnings season has fallen somewhere between ‘okay’ and ‘almost weak enough to take notice.’