The New York Stock Exchange dropped on Monday, but for the big indices, November ended up 10-12 percent, the strongest month since 1987. Thanks to the possibility of a coronavirus vaccine and the election of Joe Biden as president, albeit without a “blue wave” in Congress, the month was punctuated by historic records. Appreciating the appointment of Janet Yellen as Treasury Secretary, officially announced on Monday, the possible continuity of Republican control of the Senate is seen as satisfactory for the markets.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
At the end, at 29,638 points, the Dow Jones was down -0.91 percent, while the large index S&P 500 dropped -0.46 percent to 3,621 points, and after setting two consecutive milestones last week the Nasdaq Composite, rich in technology and biotech stocks, ended nearly stable (-0.07 percent) 12,198 points. Last Tuesday, the Dow Jones and the S&P 500 set record highs, with the Dow Jones finishing for the first time above the 30,000-point mark, only four years after reaching the 20,000-point mark.
With jumps of 11.8 percent for the DJIA and the Nasdaq and 10.7 percent for the S&P 500 in November, the three indices have just had their strongest month since 1987 (in the aftermath of the crash of the same year). All the world stock exchanges expressed this passion for solving the health crisis: in November, the MSCI World index soared by 13 percent, the greatest monthly rise ever achieved.
On the other end, the Thanksgiving holiday marked the movement of millions of Americans across the country this weekend which increased the concerns of further strengthening of the Covid. U.S. immunologist Anthony Fauci warned Sunday about worsening of the pandemic because of the mass travelling across the country which is likely to further spread of the Covid-19. We could see a new outbreak added to the current outbreak in two or three weeks, as warned the director of the American Institute of Infectious Diseases talking to the news channel ABC.
