Markets Wrap: S&P 500 has one of best November gains since 2000

Stocks saw a late-day rebound — notching one of their biggest November gains on record — in a surge fuelled by speculation the Federal Reserve will end its interest-rate hikes and cut rates next year.

This month’s $3 trillion surge in the S&P 500 put the equity gauge 5% away from its record. The Nasdaq 100 underperformed Thursday. The Dow Jones Industrial Average rose, led by gains in Salesforce Inc. and Boeing Co. US 10-year ...