US third-quarter economic growth revised up to 5.2 percent bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation.
Stocks closed mostly higher Thursday as the market ended November with its biggest monthly gain in more than a year. The S&P 500 rose 0.4% after drifting between small gains and losses. The benchmark index rose 8.9% in November, its biggest monthly gain since July 2022. The Dow Jones Industrial Average jumped 1.5%, while the Nasdaq composite slipped 0.2%. Both indexes also posted solid gains for the month, finishing with gains of 8.8% and 10.7%, respectively.