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.
US benchmark WTI Crude Oil rose 93 cents, or 1.6%, to 58.95 bbl in New York. Brent Crude added 31 cents to 63.86 bbl in London.
Over all the US major stock markets are Bullish to Very Bullish across the board.
Have a terrific weekend.
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