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