Stock Market Records Best Monthly Performance as Holiday Shopping Season Kicks Off

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Stock Market,Holiday Shopping Season,Artificial Intelligence

The S&P 500 and Dow Industrial Average witnessed gains in November, marking the best monthly performance of the year. Apple's stock increased, fueled by expectations of strong holiday sales for its AI-equipped iPhone 16.

Stocks experienced substantial gains, marking the best monthly performance of the year for Wall Street. The S&P 500 and the Nasdaq saw increases of 0.6% and 0.8%, respectively, while the Dow Industrial Average gained 0.4%. The shortened trading day on Friday, accompanied by early holiday shopping trends and increased consumer spending expectations, provided a positive backdrop. Apple's stock rose 1.

1%, driven by hopes of artificial intelligence features attracting holiday shoppers towards the latest iPhone models. The month of November was notable for Apple as it launched the iPhone 16, integrating AI advancements into its flagship device

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