Stocks Correct Course With Solid Wins

The S&P 500 and Nasdaq were rangebound for most of the afternoon

Patrick Martin

Managing Editor

Nov 28, 2023 at 4:29 PM

The Dow righted the ship today with a solid win, finishing in the black for the third time in the last four sessions. The S&P 500 and Nasdaq joined the blue-chip index in the win column, despite trading flat for most of the day. As Wall Street unpacked encouraging consumer confidence data, all eyes now turn to the revised third-quarter gross domestic product (GDP) reading due out tomorrow.

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Closing Index Summary November 282023

NYSE and Nasdaq Stat November 282023

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Gold Stays Hot, Oil Snaps Skid

Oil prices rose slightly today to snap a four-day skid. West Texas Intermediate (WTI) added 51 cents, or 0.7%, at $75.37 a barrel.

Meanwhile, gold prices strung together a fourth-straight win, buoyed by a falling dollar and optimism over an ending rate hike cycle from the Fed. As of this writing, gold was up $1.47 to settle at $2,042.00 an ounce.

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