Saturday, 26 November 2016

Wall St finishes at record highs; consumer staples, techs gain

The Dow Jones Industrial Average rose 68.96 points, or 0.36 percent, to 19,152.14. The S&P 500 gained 8.63 points, or 0.39 percent, to 2,213.35 and the Nasdaq Composite added 18.24 points, or 0.34 percent, to 5,398.92. 

 

Wall Street's three main indexes closed at record highs on Friday, helped by gains in consumer staples and technology stocks as investors hunted for bargains in a post-election rally. The stock markets closed early for Black Friday, while trading volumes were thin. The three major indexes closed higher for the third week in a row, extending their rally since the US election. The S&P 500 marked its seventh record close since November 8. However, the defensive consumer staples and utilities sectors have been the worst performers in that period. 

 

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