12/05/2022
U.S. stocks neared the end of the market, and the gains increased. The three major indexes rose by more than 1%. The sales forecast of the retail stock Best Buy reduced the market’s concerns that high inflation may lead to unsatisfactory sales in the holiday shopping season. On the eve of the holiday, the trading volume in the market was relatively quiet. The Dow Jones index regained 34,000 points and closed at 34,098 points, up 397 points, or 1.2%. The Nasdaq index closed at 11174 points, up 149 points, or 1.36%. The Standard & Poor's 500 index hit its highest closing level in about two and a half months, and regained 4,000 points, closing at 4,003 points, up 53 points, or 1.36%. Best Buy surged nearly 13 percent, the best-performing stock in the S&P 500. The company expects the annual sales decline to be lower than the previous forecast, and said it is confident that the transaction volume will increase.