The AGEM Index increased by 59.31 points in November 2022 to 905.95, a 7.0 percent improvement from the prior month. Compared to one year ago, the index was down 54.24 points, or 5.6 percent. During the latest month, eight of the twelve AGEM Index companies reported stock price increases, resulting in 10 positive contributions to the AGEM Index and two negative contributions.
The largest positive contribution to the monthly index was sourced to International Game Technology PLC (NYSE: IGT), whose 22.4 percent increase in stock price led to a 21.62-point gain to the index. Meanwhile, Light & Wonder Inc. (NASDAQ: LNW) observed a 15.4 percent increase in stock price and an 18.32-point increase to the index.
All three major U.S. stock indices saw month-over-month increases in November 2022, marking the second consecutive month across-the-board increases. The Dow Jones Industrial Average increased by 5.7 percent from October, while the S&P 500 grew by 5.4 percent. Meanwhile, the NASDAQ rose 4.4 percent over the month.
