Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Wednesday, November 28. Major U.S. stock indexes enjoyed their largest one-day gain since March: The Dow Jones Industrial Average, S&P 500 and NASDAQ advanced 2.5%, 2.3% and 3.0%, respectively. Technology and health care stocks led the rally, with Federal Reserve Chairman Jerome Powell’s interest-rate remarks fueling mid-day gains. Meanwhile, the Commerce Department released October housing market data. New single-family home sales declined nearly 9% from September because of higher construction costs and rising mortgage rates.
