How major US stock indexes fared Monday, 11/20/2023

Wall Street posted solid gains to begin a holiday-shortened week, reaching its highest level in more than three months.

The S&P 500 rose 0.7% Monday, coming off its third straight winning week. The Dow added 203 points, and the Nasdaq composite climbed 1.1%.

Microsoft was the strongest force lifting the market. The tech giant rose 2.1% after announcing it was bringing on Sam Altman for a new venture following his sudden dismissal as CEO of OpenAI, the maker of ChatGPT. This week is relatively light on economic reports given Thursday’s Thanksgiving holiday. A profit report from Nvidia coming Tuesday may be the highlight.

On Monday:

The S&P 500 rose 33.36 points, or 0.7%, to 4,547.38.

The Dow Jones Industrial Average rose 203.76 points, or 0.6%, to 35,151.04.

The Nasdaq composite rose 159.05 points, or 1.1%, to 14,284.53.

The Russell 2000 index of smaller companies rose 9.32 points, or 0.5% to 1,807.08.

For the year:

The S&P 500 is up 707.88 points, or 18.4%.

The Dow is up 2,003.79 points, or 6%.

The Nasdaq is up 3,818.05 points, or 36.5%.

The Russell 2000 is up 45.84 points, or 2.6%.