S&P and Nasdaq Set Record Close
Wall Street finished higher in thin post-holiday trading, with the S&P adding 9 points to a record 3,638, the Nasdaq 111 points to a record high of 12,206 and the Dow Jones gaining 38 points to 29,910. On the week, both the S&P 500 and the Dow booked a 2.2% gain and the Nasdaq surged 2.9%. Retailers were among the top performers amid hopes of strong Black Friday sales. Investors also weighed prospects that a coronavirus vaccine can be used soon, chances the Fed would raise asset purchases from the current pace of $120 billion a month, an orderly transition of power and mixed economic data released during the week. Meanwhile, more than 110K coronavirus infections were recorded on Thursday, the lowest in near 2 weeks although the number of hospitalizations hit a record of at least 90,481.
46 hours ago