After reaching a major milestone last week, the Dow Jones Industrial Average has finished its best month in more than 30 years.
On Monday, the Dow Jones fell 271 points, but it rose 11.8 percent in November in its best performance in a month since January 1987, CNBC reports. The S&P 500 and the Nasdaq Composite also both had their best month since April, CNN reports.
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Amid rising COVID-19 cases and warnings from experts about a post-Thanksgiving surge, The Wall Street Journal notes the "market's retreat Monday shows the rally isn't immune to setbacks." And on Monday afternoon, Federal Reserve Chair Jerome Powell said, "As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain and will depend, in large part, on the success of efforts to keep the virus in check. The rise in new COVID-19 cases, both here and abroad, is concerning and could prove challenging for the next few months."
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Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
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NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
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Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
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FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
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Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
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Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
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Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
