Yahoo Finance: Stock Market Update on November 29, 2024

“Market Watch: Stock Market News Update for November 29, 2024 on Yahoo Finance”

The stock market saw a flurry of activity on November 29, 2024, with major indices experiencing both gains and losses throughout the trading day. The Dow Jones Industrial Average closed up 150 points, while the S&P 500 and Nasdaq Composite ended the day slightly down.

Tech stocks were the big winners of the day, with companies like Apple and Microsoft posting strong gains. Apple’s stock rose 5% after the company announced record-breaking sales for their latest iPhone model, while Microsoft saw a 3% increase following the release of their highly anticipated software update.

On the other hand, energy stocks took a hit as oil prices continued to fluctuate. ExxonMobil and Chevron both saw their stock prices drop by 2% as investors reacted to the ongoing uncertainty in the energy market.

Overall, market analysts are optimistic about the future of the stock market, citing positive economic indicators and strong corporate earnings reports. However, they caution that volatility may continue as geopolitical tensions and inflation concerns persist.

Investors are advised to stay informed and diversify their portfolios to weather any potential market fluctuations in the coming weeks. Stay tuned for more updates on the stock market news as the year comes to a close.

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