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Dow Jones, S&P 500 end lower, hitting pause on November rally

Clyde Edgerton by Clyde Edgerton
November 27, 2023
in Markets
Dow Jones, S&P 500 end lower, hitting pause on November rally
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U.S. stocks closed lower on Monday, taking a breather from a powerful rally sweeping through the stock market in November. The Dow Jones Industrial Average DJIA shed about 56 points, or 0.2%, to end near 35,333, according to preliminary FactSet data. The S&P 500 index SPX fell 0.2% and the Nasdaq Composite Index closed about 0.1% lower. U.S. stocks have staged a powerful rally this month, fueled by a sharp retreat in benchmark borrowing costs. The 10-year Treasury yield BX:TMUBMUSD10Y fell to 4.388% on Monday, the lowest in about two months, after briefly trading above 5% in October, according to Dow Jones Market Data….

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