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. 

Continue Reading Below

TickerSecurityLastChangeChange %
I:COMPNASDAQ COMPOSITE INDEX12998.502287-114.14-0.87%
TSLATESLA INC.826.16-18.84-2.23%

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.

TickerSecurityLastChangeChange %
SP500S&P 5003768.25-27.29-0.72%
I:DJIDOW JONES AVERAGES30814.26-177.26-0.57%

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.

ONLINE SALES HIT NEW RECORD

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.

TickerSecurityLastChangeChange %
WMTWALMART INC.144.64-2.33-1.59%
TGTTARGET CORP.194.80-3.21-1.62%
AMZNAMAZON.COM INC.3,104.25-23.22-0.74%
WWAYFAIR300.00-29.87-9.06%

Vaccine news continues to dictate market sentiment.

TickerSecurityLastChangeChange %
AZNASTRAZENECA PLC51.34+0.05+0.10%

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.

TickerSecurityLastChangeChange %
PFEPFIZER INC.36.70-0.05-0.14%
MRNAMODERNA INC.129.65-0.07-0.05%
BNTXBIONTECH SE101.59-4.26-4.02%

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.

TickerSecurityLastChangeChange %
WORKSLACK TECHNOLOGIES INC.41.80-0.12-0.29%
CRMSALESFORCE.COM213.14-2.46-1.14%

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.

TickerSecurityLastChangeChange %
USOUNITED STATES OIL FUND L.P.35.34-0.90-2.48%
GLDSPDR GOLD SHARES TRUST - EUR ACC171.13-2.15-1.24%

GET FOX BUSINESS ON THE GO BY CLICKING HERE