Wall Street rose for a fifth straight day to put the wraps on a volatile month. The S&P 500 rose 0.5% in abbreviated trading Friday and closed out November with a slight gain. The Dow Jones Industrial Average rose 289 points, or 0.6%, and the Nasdaq gained 0.7%. Stocks swooned in mid-month as investors worried stocks boosted by the frenzy around artificial intelligence such as Nvidia had gotten too expensive. Nvidia lost 1.8% Friday and closed the month with a double-digit loss. Stocks rallied over the past week on hopes for another Federal Reserve rate cut next month.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

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