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The NASDAQ rose on Friday, scoring its fifth straight day of gains even as it recorded a losing month.
The Dow Jones Industrials finished Friday up 289.30 points to 47,716.42.
The S&P 500 Index grabbed 36.48 points to 6,849.09.
The NASDAQ climbed 151 points to 23,365.69.
The disruption could cause even more volatility, as Wall Street comes back from the Thanksgiving holiday for a shortened trading session on Friday.
Wall Street came back from the Thanksgiving holiday for a shortened trading session Friday.
Trading volumes the day after Thanksgiving are historically well below average, meaning moves — to the upside and the downside — could be more extreme.
Friday also marked the last trading day of November. A pullback in tech stocks have weighed on the major averages this month, as doubt swirled around the future profitability of AI companies.
Yet some investors are hopeful that this month’s slide will mean a year-end rally is in store for the major averages, as they step into buy stocks that have been unduly punished at more attractive valuations.
The NASDAQ fell almost 2% on the month, ending a seven-month win streak. The S&P 500 and Dow were slightly higher, thanks to this week’s gains, posting their seventh consecutive winning month.
The Dow finished the weekly period up more than 3%. The S&P 500 increased almost 4% in the period, while the NASDAQ jumped more than 4%.
The 10-year Treasury slumped, raising yields to 4.02% from 4.01% on Wednesday. Treasury prices and yields move in opposite directions.
Oil prices retreated 17 cents to $58.48
Gold prices hiked $54.10 to $4,256.40.
