U.S. stocks posted their biggest monthly gains this year in November, after Donald Trump’s election victory ignited a market rally. On Friday, the S&P 500 and Dow Jones Industrial Average closed at record highs,

U.S. stocks finished off their best month in a year on Friday, with the Dow and S&P 500 clinching fresh record closing highs to cap off a blockbuster November. The Russell 2000 finished Friday just shy of what would have been its first record close since November 2021.

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Stocks posted solid gains as Wall Street put the finishing touches on one of its best months of the year. The S&P rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Friday was an abbreviated trading day,

Indeed, November marked the best month of 2024 for both the Dow and S&P 500. Both of the indexes also notched new all-time intraday and closing highs in Friday's shortened trading

Shares are mostly higher in Europe and Asia, tracking last week's gains on Wall Street. Analysts said investors were viewing President-elect Donald Trump's choice of billionaire investor Scott Bessent as his nominee for Treasury secretary as a relatively market-friendly choice.