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S&P 500 recovers in November with a dramatic Black Friday rebound

From a 5% plunge to a last-minute turnaround—November’s wild market ride ended on a high note. Discover what sparked the S&P 500’s Black Friday comeback.

This picture is clicked outside the city. On either side of the picture, we see the buildings and...
This picture is clicked outside the city. On either side of the picture, we see the buildings and the hoarding boards. On the left side, we see a pole and a traffic signal. We even see a board in green color with some text written on it. In the middle, we see a board in white color with some text written on it. In the background, we see the buildings. In the background, it is black in color. This picture is clicked in the dark.

S&P 500 recovers in November with a dramatic Black Friday rebound

The S&P 500 closed November with a modest gain of 0.1%, recovering from a mid-month slump. Just a week earlier, the index had fallen by nearly 5% as investor confidence wavered. A late-month rebound, fuelled by shifting economic expectations, pushed the benchmark into positive territory by Black Friday.

Early November saw equities under pressure after a slowdown in the artificial intelligence sector and fading hopes for interest rate cuts. Sentiment worsened mid-month, dragging the S&P 500 down by almost 5% from its opening levels. However, the index staged a dramatic turnaround, recording its largest-ever November swing—a 4.5 percentage point jump from the 20th of the month to Black Friday.

The S&P 500’s November performance reflects a volatile month, ending just above break-even. The late rally was driven by expectations of monetary easing and improved economic outlooks. While some sectors thrived, others faced steep declines, highlighting uneven market conditions.

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