It was a big month for the Dow Jones Industrial Average, and it could signal Wall Street sees better things ahead for the economy heading into the new year.
The 30-stock average rose 11.8% in November, its biggest one-month gain since January 1987. Back then, the Dow jumped 13.8%.
However, this month's gains were not led by high-flying growth stocks such as Apple or Microsoft. Instead, the Dow's driving force came mainly from companies that would benefit from a strong economy, potentially signaling investors are betting on a big recovery from the coronavirus pandemic.