(CNBC) — U.S. stocks closed lower Monday, the last day of trade for November, as investors eyed retail results and readied for key data and central bank comments later in the week.
"When the market doesn't go down with the amount of bad news we threw at it in November, that's a good sign," said Art Hogan, chief market strategist at Wunderlich Securities.
The major averages posted their second-straight month of gains, the first such win streak since May. The S&P 500 eked out a roughly 0.05 percent gain for November, while the Nasdaq composite gained more than 1 percent for the month. The Dow Jones industrial average ended the month up about 0.3 percent.
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