Stock market is having a fine November so far.

I'm David Brancatrio in New York.

Stocks are on a roll.

In fact, so far this year, the S&P 500 is up 14%, the NASDAQ up 31%. year to date

date traders have got it in their heads that the federal reserve is done

raising interest rates and key stock market indicators have closed higher for five days

straight and are up again this morning I see Susan Schmidt is head of public equity at the

state of Wisconsin Investment Board.

Well earnings were mixed bags and a lot of management teams cautioned on the future.

But the stock market this month did really well, particularly last week and then we're seeing

that strength continue as Fed governors came out and spoke to the

markets and investors assumed that with economic data that seems to be going in the direction

the Fed wants, i.e. softening.

Investors take away is that we're done with increases in interest rates.

We're going to hold here for a while, but after this, interest rates are going to drop,

which means the economy gets some support.

It's always just an assumption by investors.

No one knows until the Fed actually comes out with their announcement what they're going

to do with regards to interest rates.

Dana's shipping giant Merisk is cutting 10,000 jobs given a gloomy outlook for freight by boat.

Meanwhile FedEx reportedly is nudging its pilots to take jobs over at American Airlines.

Instead, Marketplace's Henry Epp goes deeper.

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