Technology, Health Care Lead Stock Rally - Adviser Investments

Technology, Health Care Lead Stock Rally

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.

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