LPL Research breaks down the highlights from the stock market's historic month of November.
What a month November was! Here are some highlights:
- Best month for Dow since January 1987 (11.9%) and best November since 1928
- Best month ever for the STOXX 600 (16.7%)
- Best month ever for the Russell 2000 (18.3%)
- Best month for the S&P 500 (10.8%) and Nasdaq (11.8%) since April 2020
- Best month for Dow Transports since October 2011 (12.1%)
- Best month from PHLX Semiconductor Index since March 2003 (18.4%)
- Best month for Industrials (16.0%) and Financials (16.8%) since April 2009
- Second-best month ever for Energy (28.0%)*
“A way better than expected earnings season, a likely split Congress, and major breakthroughs on the vaccine front all helped stocks soar last month,” explained LPL Financial Chief Market Strategist Ryan Detrick. “Add ongoing support from the Federal Reserve as the cherry on top and we are looking at a truly historic month on many levels.”
Check out these charts by LPL Research that put the month's market milestones in context:
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