Stock Market Update Friday November 29, 2024

Nov 29, 2024

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Stock Market Update Friday November 29, 2024 The stock market had a strong finish in a shortened trading session, with the Dow Jones Industrial Average rising nearly 200 points to reach a record high. The S&P 500 delivered its strongest post-Thanksgiving Friday performance since 2012, as investor sentiment buoyed broader market indices, all of which closed firmly in positive territory. Notably, the semiconductor sector surged, with chip stocks rallying sharply following reports of potential sanction relief on China, signaling renewed optimism for the tech industry.

Meanwhile, the U.S. dollar reversed its multi-week ascent, snapping an eight-week winning streak and retreating to a one-month low. This dollar weakness underscored shifting market dynamics as traders recalibrated expectations amid evolving macroeconomic and geopolitical developments.

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