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Investor Alert

Nov. 30, 2020, 3:04 p.m. EST

Nasdaq Composite pops into positive territory late-afternoon Monday in last trading day in November

U.S. stocks struggled broadly on Monday, but the Nasdaq Composite was seeing heavy buying around the last hour of the session, as investors attempted to close out a historic November on a higher note for the technology-laden index. The Nasdaq Composite (AMERICAN:COMP) was trading up 0.1% at 12,212 after reaching an intraday low of 12,027.16, according to FactSet data. Tech and tech-related stocks have been enjoying a bounce as investors purchased assets that are expected to perform well during the COVID-19 pandemic. That said, investors have been rotating into other areas of the market this month--amid growing confidence that a successful vaccine is on the way--that have lagged behind their tech peers. The broader market on Monday was hanging lower, with the Dow Jones Industrial Average (DOW:DJIA) off 280 points, or 1%, at 29,624, while the S&P 500 index (S&P:SPX) was trading 0.4% lower at 3,623.

Link to MarketWatch's Slice.