Market Recap – November 2014
By Mark FisselPosted on December 2nd, 2014
Equities generally continued to push upward in November. The small caps of the Russell 2000 were the exception; they ended the month flat and were up less than 1% for the year. However, the S&P 500 and the Dow industrials once again hit new record levels, while the Nasdaq increased its year-to-date lead. Meanwhile, the Global Dow had its best month since February.
Oil prices already on the decline continued to fall, especially after members of the Organization of the Petroleum Exporting Countries (OPEC) decided not to cut oil production levels, sending the price plummeting to roughly $66 a barrel. The price of gold continued its year-long downward trend despite a partial rebound from a dip in early November; it ended the month down roughly 4% at approximately $1,175 an ounce. Meanwhile, low yields overseas continued to lure investors to U.S. Treasuries, sending yields down as prices rose despite the prospect of an eventual Fed rate hike.
| Market/Index | 2013 Close | Prior Month | As of 11/28 | Month Change | YTD Change |
|---|---|---|---|---|---|
| DJIA | 16576.66 | 17390.52 | 17828.24 | 2.52% | 7.55% |
| Nasdaq | 4176.59 | 4630.74 | 4791.63 | 3.47% | 14.73% |
| S&P 500 | 1848.36 | 2018.05 | 2067.56 | 2.45% | 11.86% |
| Russell 2000 | 1163.64 | 1173.51 | 1173.23 | -.02% | .82% |
| Global Dow | 2484.10 | 2527.85 | 2571.40 | 1.72% | 3.51% |
| Fed. Funds | .25% | .25% | .25% | 0 bps | 0 bps |
| 10-year Treasuries | 3.04% | 2.35% | 2.18% | -17 bps | -86 bps |
Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.
Source Broadridge