NewsWatch: The stock market saw a historic November rally — here’s why that might not bode well for December

This post was originally published on this site

MARKETWATCH FRONT PAGE

The stock market is wrapping up a historic November rally, but if history is a guide, the largest monthly gain on record for the small-cap Russell 2000 and big advances by other major indexes point to a potentially choppy period ahead, Wall Street pros warn. See full story.

3 potential scenarios for Tesla’s stock — none of them are good

Tesla shares are up almost 600% this year, surpassing Warren Buffett’s Berkshire Hathaway with an eye-popping $555 billion valuation that dwarfs all car-making rivals. But will it last? See full story.

Biden confirms he wants Janet Yellen to be his Treasury secretary — what that means for cash-strapped American families

Biden announced Yellen and his picks for other key economic positions on Monday. See full story.

Wish IPO: 5 things to know about the mobile e-commerce company

ContextLogic Inc., the parent company to mobile e-commerce platform Wish, has filed for an initial public offering amid a massive shift to online shopping during COVID-19. See full story.

3 energy stocks for the pandemic rebound that has already started

The S&P 500 energy sector rose 27.5% last week on widespread expectations for a rebound in the global economy. See full story.

MARKETWATCH PERSONAL FINANCE

With the holidays in full swing but COVID-19 keeping many of us at home, it’s a prime opportunity to binge-watch some holiday movies—and one must-watch is “Home Alone,” which turns 30 years old this year. See full story.