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US stocks closed at record highs on Friday, with the Dow Jones Industrial Average (^DJI) rising 0.4% to close at a record high and the S&P 500 (^GSPC) gaining 0.6% to reach a record at the end of a holiday-shortened trading session.
Friday’s rally, which included a 0.9% jump from the tech-heavy Nasdaq Composite (^IXIC), capped off a winning month for all three major indexes. It also marked the best post-Thanksgiving Friday session for the S&P 500 since 2012.
With Friday’s gains, the S&P 500, Dow, and small cap Russell 2000 each finished off their best month in a year. For the S&P 500 overall, its gain through November its best year-to-date since 2013.
Ahead of Friday’s session, investors continued to weigh the likely fallout and impact on inflation from the president-elect’s vow to impose hefty new tariffs on top US trading partners Mexico, Canada, and China.
Hopes for a softening in that plan got a boost as Mexican President Claudia Sheinbaum said she’s confident that a tariff war can be averted after a phone call with Trump.
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