Posted 11/30/2023, 5:17:57 PM
Wall Street Logs One of Its Best Novembers Ever Despite Mixed Close
- U.S. stocks ended mixed on Thursday, but Wall Street notched one of its best Novembers ever amid Fed rate cut hopes
- Inflation data was favorable, with core PCE price index rising 3.5% Y/Y in October, the lowest this year
- However, the Chicago PMI business gauge blew past estimates, jumping into expansion territory
- Oil prices fluctuated on news of an OPEC+ production cut, but ultimately slid on demand weakness fears
- Salesforce was the top S&P 500 and Dow gainer as its quarterly results impressed investors and analysts