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 | 15265.572131 | -335.93 | -2.15% |
| TSLA | TESLA INC. | 149.90 | -5.55 | -3.57% |
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 | 4961.82 | -49.30 | -0.98% |
| I:DJI | DOW JONES AVERAGES | 37898.24 | +122.86 | +0.33% |
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. | 59.27 | -0.38 | -0.64% |
| TGT | TARGET CORP. | 166.58 | +2.11 | +1.28% |
| AMZN | AMAZON.COM INC. | 173.88 | -5.34 | -2.98% |
| W | WAYFAIR INC. | 54.74 | -0.01 | -0.02% |
Vaccine news continues to dictate market sentiment.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AZN | ASTRAZENECA PLC | 68.36 | -0.17 | -0.25% |
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. | 25.87 | +0.48 | +1.89% |
| MRNA | MODERNA INC. | 102.00 | -1.44 | -1.39% |
| BNTX | BIONTECH SE | 86.75 | +0.57 | +0.67% |
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 | n.a. | n.a. | n.a. | n.a. |
| CRM | SALESFORCE INC. | 270.04 | -1.88 | -0.69% |
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 L.P. | 78.94 | +0.17 | +0.21% |
| GLD | SPDR GOLD SHARES TRUST - EUR ACC | 220.34 | +0.75 | +0.34% |
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