|
COPYRIGHT 2005 Thomson Financial Corporate Group, a division of Thomson Financial.
Stocks raced higher in November, rebounding from the previous month's losses, as investors cheered a decline in oil prices and signs the Federal Reserve may be approaching the end of its tightening cycle. Oil prices were pressured by some bearish inventory data and unseasonably mild temperatures. Shares were also supported by improved optimism about consumer spending heading into the holiday shopping season.
In November, the Dow Jones Industrial Average jumped 3.50%, while the Nasdaq rallied 5.31%, and the S&P 500 Index climbed 3.52%. All the major sectors advanced, led by industrial, basic material and technology shares. Consumer staple, energy and healthcare issues posted the smallest gains.
Economic data released during the month suggested the economy remains on solid footing, with consumers gaining confidence...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
