Published on 1 Dec 2023 on Zacks via Yahoo Finance
5 Stocks to Buy as Inflation Continues to Cool and Q3 GDP Grows
November turned out to be the best month of the year for Wall Street as stocks rallied on investor optimism that the Federal Reserve may be done with its interest rate hikes. The Dow and the S&P 500 rose 8.9% each for November while the Nasdaq gained 10.7% for the month.
Experts believe that the rally will continue through the year-end given the high chances that the Fed may not go for another rate hike in its December policy meeting.
The renewed vigor comes as the U.S. economy grew 5.2% in the third quarter at a seasonally adjusted annual rate, up from the earlier reported 4.9% and well above the consensus estimate of 5%.