S&P, Nasdaq grab new records as Black Friday sees strong start
Dow & S&P on pace for best month since 1928
The Nasdaq Composite led Friday's gains wrapping a winning week for the broader U.S. equity markets in the shortened holiday session on Black Friday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:COMP | NASDAQ COMPOSITE INDEX | 23031.213218 | +490.63 | +2.18% |
| TSLA | TESLA INC. | 411.11 | +13.90 | +3.50% |
The tech-heavy composite rose over 111 points, or 0.9%, helped in part by Tesla, which continues to smash records.
Elon Musk's electric-vehicle maker, which will be added to the S&P 500 on Dec. 21, has seen its market cap soar to $555 billion through Friday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SP500 | S&P 500 | 6932.3 | +133.90 | +1.97% |
| I:DJI | DOW JONES AVERAGES | 50115.67 | +1,206.95 | +2.47% |
The S&P 500 also closed at a fresh record rising 0.24%, while the Dow Jones Industrial Average rose over 37 points just below that key 30,000 level reached for the first time in history earlier this week.
DOW, S&P, NASDAQ RISE 2% FOR THE WEEK
All three of the major U.S. averages clocked gains of over 2% for the week.
Americans are spending as Black Friday kicked off the holiday shopping season heading into Cyber Monday. Already, online sales hit a record $5.1 billion, as tracked by Adobe Analytics. Major retailers closed mixed on Friday.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 131.18 | +4.24 | +3.34% |
| TGT | TARGET CORP. | 115.56 | +4.66 | +4.20% |
| AMZN | AMAZON.COM INC. | 210.32 | -12.37 | -5.55% |
| W | WAYFAIR INC. | 92.64 | +4.27 | +4.83% |
Vaccine news continues to dictate market sentiment.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | 193.10 | +5.91 | +3.16% |
AstraZeneca was little changed after CEO Pascal Soriot told Bloomberg News that the company will likely conduct a new trial of its COVID-19 vaccine as some participants received incorrect dosages. Other vaccine makers, Pfizer, Moderna and BioNTech, tacked on gains.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PFE | PFIZER INC. | 27.22 | +0.73 | +2.76% |
| MRNA | MODERNA INC. | 41.01 | +0.14 | +0.34% |
| BNTX | BIONTECH SE | 106.62 | +1.08 | +1.02% |
Slack Technologies Inc. dipped as traders digest a possible deal with Salesforce.com Inc. Slack shares soared 38% after news of advanced talks between the two companies broke on Wednesday. A deal could be announced, according to reports, early next week valuing slack around $17 billion.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WORK | NO DATA AVAILABLE | - | - | - |
| CRM | SALESFORCE INC. | 191.37 | +1.45 | +0.76% |
Looking at commodities, West Texas Intermediate crude oil fell 33 cents to $45.25 per barrel, while gold plunged over $21.00 to $1,790 an ounce, losing the key $1,800 support level.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND - USD ACC | 76.98 | +0.28 | +0.37% |
| GLD | SPDR GOLD SHARES TRUST - USD ACC | 455.37 | +13.34 | +3.02% |
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