S&P 500 eyes 7,000 as November kicks off — can the market’s hottest month deliver again?
S&P 500 is racing into November eyeing 7,000 — and history says it just might do it. Since 1927, stocks have finished higher in nearly 60% of Novembers. Today, the Nasdaq Composite rose 0.6% as traders piled back into artificial intelligence stocks after a wave of major AI announcements. The S&P 500 added 0.2%. Amazon soared 4% on a $38 billion OpenAI deal. Nvidia climbed 2% as it expanded its UAE investment to $15.2 billion. Micron jumped 4%. AI stocks are leading the charge again. The Nasdaq rose 0.6%, while the S&P 500 added 0.2%. But the rallys getting narrow — more than 400 S&P 500 stocks fell Monday. Still, with 80% of Q3 earnings beating estimates, bulls see room to run.
S&P 500 is racing into November eyeing 7,000 — and history says it just might do it. Since 1927, stocks have finished higher in nearly 60% of Novembers. Today, the Nasdaq Composite rose 0.6% as traders piled back into artificial intelligence stocks after a wave of major AI announcements. The S&P 500 added 0.2%. Amazon soared 4% on a $38 billion OpenAI deal. Nvidia climbed 2% as it expanded its UAE investment to $15.2 billion. Micron jumped 4%. AI stocks are leading the charge again. The Nasdaq rose 0.6%, while the S&P 500 added 0.2%. But the rallys getting narrow — more than 400 S&P 500 stocks fell Monday. Still, with 80% of Q3 earnings beating estimates, bulls see room to run.
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