New York
CNN Business
—
Most of 2022 has been pretty dismal for investors, but the stock market is in the midst of one heck of a fourth-quarter rally: The Dow enjoyed its best month in nearly a half-century in October and it’s up nearly another 4% in November.
Although the Dow was down about 440 points, or 1.3%, Monday, the blue-chip index is down only about 7% for 2022 — and just 7% below its all-time high.
It would be a stunning comeback if the Dow reclaims all its lost ground and finishes the year in positive territory. As recently as mid-October the Dow was in bear-market territory for 2022, down more than 21%.
What’s happened? Top industrial stocks in the Dow such as Boeing
(BA), Caterpillar
(CAT) and Honeywell
(HON) have…
