Stock Market News, Nov. 30, 2023: Dow Logs Highest Close of 2023

November's trading finished with stocks—and a range of other asset classes—logging strong monthly gains. Read the day's full markets roundup here .

Stocks, international currencies, and bitcoin all rose, with traders betting the Fed is done lifting interest rates as inflation ebbs. On Thursday, the Fed's preferred inflation gauge offered the latest sign that pricing pressures are softening.

Bonds rose, too. The 10-year U.S. Treasury note had its best month since 2019, as a sharp unwinding of rate-hike expectations sent investors on a bond-buying spree.

The Dow ended the day with its highest close since January 2022, while the Nasdaq Composite managed its best month since July 2022. Tesla, which started delivering Cybertrucks , added more than 19% this month. (One market that was left behind: Chinese stocks .)

Stock indexes were mixed. The blue-chip Dow industrials climbed nearly 1.5%. The tech-heavy Nasdaq fell 0.2%, while the S&P 500 added 0.4%. They all had their best months of the year, rising 8.8% or more apiece.

Salesforce's stock rose, lifting the Dow, after the business-software company reported results last night. Here's the Heard on the Street take on the numbers.

The yield on the 10-year U.S. Treasury note ticked up to settle at 4.349%, after three days of declines.

Oil fell. The OPEC cartel agreed to new oil-production cuts . Benchmark U.S. oil futures shed nearly $2 a barrel to trade below $76.

Overseas, the Stoxx Europe 600 finished its best month since January. Inflation in the eurozone was lower than expected for the second straight month in November.