S&P 500 Index - Daily Chart - Nov 1 - 29, 2024 (Source: Tradingview)

November 1

Earnings continue to drive the market with Amazon reporting higher-than-expected quarterly profits. The Dow Jones Industrial Average rose by 182 points, while the S&P 500 increased by 0.45%, and the Nasdaq Composite gained 0.6%. These gains were driven by strong corporate earnings reports and positive economic data, which bolstered investor confidence.

November 4

Specters of war come back to haunt the United States economy The Dow fell by 257 points, the S&P 500 declined by 0.6%, and the Nasdaq decreased by 1.1%. Market sentiment was dampened by concerns over potential interest rate hikes and geopolitical tensions in the Middle East.

November 5

U.S. stocks rallied on Election Day, with the Dow rising 427 points, the S&P 500 up 1.2%, and the Nasdaq gaining 1.4%. Optimism about the election outcome and strong earnings from Palantir drove the gains.

November 6

Markets surged after Donald Trump’s election victory, with the Dow soaring 1,508 points (3.6%) —its largest post-election gain in history. The S&P 500 rose 2.5%, and the Nasdaq climbed 3%, fueled by expectations of pro-growth policies like tax cuts and deregulation.

November 7

Stocks ended the day lower as rising oil prices and inflation concerns weighed on market sentiment. The Dow fell 120 points (-0.3%), the S&P 500 declined 0.3%, and the Nasdaq dropped 0.4%. Energy stocks outperformed on surging crude prices, but technology and consumer discretionary sectors struggled.

November 8

On Friday, November 8, 2024, U.S. stocks concluded their best week in a year. The S&P 500 rose 0.4%, finishing just below the 6,000 level. The Dow Jones Industrial Average added 259.65 points (0.6%) to close at 43,988.99, while the Nasdaq Composite increased 0.1% to 19,286.78. These gains followed significant increases earlier in the week, attributed to President-elect Donald Trump's victory and the Federal Reserve's decision to cut interest rates, which collectively enhanced investor confidence.

November 12

Markets fell as momentum from the post-election rally began to fade. The Dow tumbled 382 points (-0.9%), while the S&P slipped 0.3%, and the Nasdaq edged lower by 0.1%. Rising bond yields pressured equities, and smaller stocks reversed earlier gains amid tempered growth expectations.

November 13

Markets closed mixed following an inflation report that met expectations, fueling hopes for a Fed rate cut. The Dow rose 47 points (0.1%), the S&P remained flat, and the Nasdaq fell 0.3%. Short-term Treasury yields declined, reflecting optimism about potential monetary easing.

November 14

The Dow dropped by 305 points, the S&P 500 fell by 1.3%, and the Nasdaq declined by 2.2%. The downturn was influenced by hawkish statements from the Federal Reserve regarding interest rates and concerns over the appointment of a vaccine skeptic as the head of the Health and Human Services Department.

November 15

Markets slid into the red as Federal Reserve Chair Jerome Powell’s hawkish remarks tempered investor optimism. The Dow fell 207 points (-0.5%) to close at 43,751, while the S&P 500 lost 0.4%, and the Nasdaq declined 0.6%. Powell’s cautious stance on future rate cuts, coupled with mixed corporate earnings, weighed on sentiment, ending a volatile trading week on a sour note.

November 18

U.S. stocks rebounded modestly after last week's declines, with the S&P 500 rising 0.4% and the Nasdaq Composite gaining 0.6%, while the Dow Jones Industrial Average slipped 0.1%. Tesla shares surged nearly 6% following President-elect Donald Trump's announcement of plans to support self-driving car regulations, boosting the technology sector. However, concerns over potential trade tensions and inflationary pressures continued to weigh on investor sentiment.

November 19

Stocks posted mixed results amid a subdued trading session ahead of key earnings. The Dow slipped 55 points (-0.1%), but the S&P 500 gained 0.4%, and the Nasdaq rose 0.6%. Tesla led the tech sector with a 5.6% surge, buoyed by optimism over regulatory support for self-driving vehicles, while broader market momentum remained restrained.

November 20

Markets ended mixed as Wall Street awaited Nvidia’s earnings amid heightened focus on AI investments. The Dow climbed 140 points (0.3%) to 43,408, the S&P 500 held steady with a marginal gain, and the Nasdaq dipped 0.1%. Retail giant Target plummeted over 20% after slashing its holiday sales forecast, underscoring challenges in the consumer sector.

November 21

Markets rallied on Thursday, with the Dow surging 462 points (1.1%) to close at 43,870, and the S&P 500 rising 0.5%. The Nasdaq eked out a modest 0.03% gain, weighed down by a 6% drop in Alphabet’s stock following disappointing advertising revenue. Cyclical sectors led the advance, signaling renewed investor confidence in the U.S. economy’s resilience.

November 22

The Dow climbed 425 points (1%), closing at a record high of 44,297 and marking its fifth consecutive gain. The S&P 500 added 0.3%, while the Nasdaq rose 0.2%, buoyed by strong retail earnings, including Gap’s impressive quarterly results. However, EchoStar shares tumbled after DirecTV canceled its acquisition of Dish Network, highlighting challenges in the media and telecom sectors.

November 25

The Dow climbed by 440 points, the S&P 500 advanced by 0.6%, and the Nasdaq rose by 0.6%. The rally was attributed to investor optimism following the nomination of a new Federal Reserve chair and expectations of favorable monetary policies.

November 26

The Dow Jones Industrial Average rose 0.3%, the S&P 500 increased 0.6%, and the Nasdaq Composite gained 0.6%, with all three indices closing at record highs. This positive movement occurred despite President-elect Donald Trump's announcement of plans to impose tariffs on Mexico, Canada, and China, as investors remained optimistic about the overall economic outlook.

November 27

The Dow fell 0.3%, the S&P 500 declined 0.4%, and the Nasdaq dropped 0.6%, ending the S&P 500's seven-day winning streak. The downturn was primarily due to disappointing earnings reports from major technology companies, including Dell and HP, which raised concerns about the sector's performance.

November 29

In a shortened post-Thanksgiving session, U.S. stocks reached new milestones, with the Dow Jones Industrial Average surpassing 45,000 for the first time, closing at 45,003.06. The S&P 500 added 0.56% to 6,032.38, and the Nasdaq Composite rose 0.83% to 19,218.17. The rally was driven by gains in semiconductor stocks, including Lam Research and Nvidia, following reports of less stringent U.S. restrictions on chip equipment sales to China.