Your Capital Markets Snapshot: U.S. Stock Indexes Continued their Positive Momentum

Last week, U.S. stock indexes continued their positive momentum. The S&P 500 and Dow both hit new record levels, while the NASDAQ remained slightly below its recent high. Additionally, U.S. stock indexes saw significant gains in November, marking the sixth positive month out of the past seven. U.S. government bond yields fell sharply following the announcement of Scott Bessent as the next Treasury secretary. While inflation progress appears to have stalled, with the Personal Consumption Expenditures Index rising slightly in October, the Federal Reserve expressed confidence in easing price pressures and a strong labor market. Looking ahead, analysts expect robust fourth-quarter earnings growth for S&P 500 companies.