US Stock Indexes Post Record Highs, Tech and Energy Outperform

US Stock Indexes Post Record Highs, Tech and Energy Outperform

US Stock Indexes Post Record Highs, Tech and Energy Outperform

$DIA, $SPY, $QQQ, $VXX

On this sleepy Friday The Trump Rally extended, as stocks set more records in post-Holiday trading as technology companies outperformed, and Energy companies rose with the price of Crude Oil.

The Standard & Poor’s 500 index rose 5.34 points, or 0.2%, to 2,602.42.

The DJIA added 31.81 points, or 0.1%, to 23,557.99.

The NAS Comp gained 21.80 points, or 0.3%, to 6,889.16.

The Russell 2000 Index of smaller companies +2.40 points, or 0.2%, to 1,519.16.

The Volume on the NYSE came in at: 363-M/shares exchanged.

  • NAS Comp +28.0%
  • DJIA +19.1%
  • S&P 500 +16.2%
  • S&P Mid Cap 400 +12.0%
  • Russell 2000 +11.9%

The DJIA finished slightly below its record high from Tuesday, but the other major indexes closed at all-time highs.

Trading ended early after the Thanksgiving Holiday Thursday.

Some analysts are predicting strong sales over the holiday shopping fram because of increased consumer confidence and a very low unemployment rate.

The National Retail Federation trade group expects sales to grow at least as fast as they did last year.

Amazon (NASDAQ:AMZN) along with tech giants Apple, Facebook, Microsoft and Google’s parent company Alphabet, have played a huge role in the market’s gains this year.

Those 5 companies dubbed the FAANGs combined are responsible for more than 25% of the value the S&P 500 has gained this year.

Amazon and Facebook (NASDAQ:F) closed all-time highs Friday and the other 3 set record highs earlier this month.

Over all the US major stock markets are Bullish to Very Bullish across the board.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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