U.S. stocks edged increased throughout Friday’s holiday-shortened session as features throughout shares of know-how and health-care firms pushed the S&P 500 and Nasdaq Composite to new closing data.
The broad S&P 500 added 8.70 points, or 0.2%, to 3638.35, notching its 26th document shut of the yr. The Nasdaq Composite added 111.44 points, or 0.9%, to 12205.85, its highest shut ever. The Dow edged up 37.90 points, 0.1%, to 29910.37, its third-highest shut in historical past.
The stock market closed at 1 p.m. ET. on Friday and was shut Thursday for the Thanksgiving vacation.
Markets have been largely buoyant over the handful of buying and selling periods this week, with the Dow crossing the 30000 mark for the primary time Tuesday, whilst rising coronavirus an infection ranges throughout the U.S. and financial knowledge level to a halting restoration that may curb shopper confidence. Buyers look like looking forward to subsequent yr, betting that Covid-19 vaccines will curb the pandemic and permit social and enterprise exercise to return to regular, together with a rebound in company earnings.
“Investors have become uninterested in worrying about downside risks,” Citigroup analysts wrote in a observe to purchasers Friday afternoon.