The Dow Jones Industrial Average recorded its best single monthly gain since January 1987 in November despite falling 271 points on Monday to close the month.
Nov.30 (UPI) — The Dow Jones Industrial Average fell more than 200 points on Monday but still recorded its best single month in more than 30 years. The blue chip index dropped 271.73 points, or 0.91%, while the S&P 500 dropped 0.46% and 0.058% as stocks that helped lead the Dow’s strong November performance faltered. Overall the Dow climbed 11.7% in November, putting it on pace for its best monthly performance since January 1987, while the S&P 500 rose 10.5% and the Nasdaq grew 11.4%. Stocks largely rose in November amid the 2020 presidential election and following the announcement of multiple vaccine candidates reporting high efficacy, seeing the Dow surpass 30,000 points for the first time.
