CNBC Daily Open: A rough and historically atypical November for U.S. stocks

Core Viewpoint - The U.S. stock market is poised to end November with major indexes showing declines, diverging from historical performance trends, particularly following a presidential election year [1][4]. Market Performance - As of Wednesday's close, the S&P 500 is down 0.4% month to date, the Dow Jones Industrial Average has decreased by 0.29%, and the Nasdaq Composite has retreated by 2.15%, indicating a significant underperformance in technology stocks during November [2]. - The S&P 500 and Dow Jones Industrial Average have experienced a winning streak over the past six months, while the Nasdaq Composite has done so for seven months [3]. Historical Context - Historically, the S&P 500 has averaged a gain of 1.8% in November since 1950, and typically rises by 1.6% in the year following a U.S. presidential election [4]. - The current market behavior is not aligning with historical trends, suggesting potential challenges in predicting future market movements [4].