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Weekly Financial Update November 30, 2018

Christopher LaPorta

December 3, 2018

All three major U.S. equity indexes clawed back some of their losses from the previous weeks to end November in slightly positive territory. The S&P 500, Dow Jones, and NASDAQ finished the month up 1.79%, 1.68%, and 0.34%, respectively. 

Last Wednesday domestic stocks experienced their largest single-day gain in eight months in response to Federal Reserve Chair Jerome Powell's comments on interest rate hikes to the Economic Club of New York, which were viewed as more dovish than his comments in recent months. 

Meanwhile, U.S. crude oil prices failed to bounce back from their one-year low. With ten consecutive weeks of increasing inventory, prices struggled to move much higher than $50 per barrel.

Learn more about the Federal Reserve's November meeting, U.S. home sales and more in our Weekly Financial Update