The S&P 500 and Dow Jones Industrial Average recorded their best month of 2024 in November, driven by a rally following Donald Trump’s presidential election victory. The S&P 500 Consumer Discretionary sector rose by 13.2%, marking its best month since January 2023, while the Russell 2000 index gained 10.8%, its best month of 2024. The S&P 600 also posted a gain of over 10% in November. The S&P 500 is up 26.5% year-to-date, on track for its best annual performance in 26 years, and has achieved 54 all-time highs this year, the fifth-highest number on record since 1950. The rally gained momentum during Black Friday and ahead of the year-end shopping season. November’s performance highlights the continued strength of the U.S. stock market, with the Dow Jones also achieving record gains.