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S&P, Nasdaq grab new records as Black Friday sees strong start


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 12205.846315 +111.44 +0.92%
TSLA TESLA INC. 585.76 +11.76 +2.05%

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 December 21, has seen its market cap soar to $555 billion through Friday.

Ticker Security Last Change Change %
SP500 S&P 500 3638.35 +8.70 +0.24%
I:DJI DOW JONES AVERAGES 29910.37 +37.90 +0.13%

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.

Ticker Security Last Change Change %
WMT WALMART INC. 151.60 -0.23 -0.15%
TGT TARGET CORP. 179.77 -0.05 -0.03%
AMZN AMAZON.COM INC. 3,195.34 +10.27 +0.32%
W WAYFAIR 260.68 +10.12 +4.04%

Vaccine news continues to dictate market sentiment.

Ticker Security Last Change Change %
AZN ASTRAZENECA PLC 52.61 +0.01 +0.02%

AstraZeneca plc 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. 37.26 +0.73 +2.00%
MRNA MODERNA INC. 127.03 +17.85 +16.35%
BNTX BIONTECH SE 109.99 +5.03 +4.79%

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 SLACK TECHNOLOGIES INC. 40.64 -0.01 -0.02%
CRM SALESFORCE.COM 247.86 +1.18 +0.48%

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.

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 31.22 -0.15 -0.48%
GLD SPDR GOLD SHARES TRUST – EUR ACC 167.77 -1.73 -1.02%

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