Stocks pushed higher, but not without some resistance, in the short trading week. Dow stocks were among the biggest losers as investors started to digest the potential effect of the incoming Trump administration’s proposed tariffs. Gold was down, as was Bitcoin. However, the S&P 500 hit another all-time high during the week, which confirms that this market rally is broadening and has legs into 2025.
On the macroeconomic front, the latest reading on the Personal Consumption Expenditure (PCE) index mostly aligned with expectations. At the end of next week, investors will get the latest employment reading from the November jobs report. Unless there’s a huge spike in hiring, the Federal Reserve is still likely to proceed with a 25-basis point cut in December.
All indications are that 2025 is likely to be a good year for stock investors. The team at MarketBeat is here to help you on your investing journey. But for now, we hope you’re having a memorable time with friends and family this Thanksgiving weekend, and we’ll see you next week. For now, here are some of our top stories from this week.
