U.S. stocks rise as Nasdaq hits fresh record

Xinhua
28 Nov 2020, 01:00 GMT+10

NEW YORK, Nov. 27 (Xinhua) -- U.S. stocks rose on Friday with the tech-heavy Nasdaq notching a fresh record.

The Dow Jones Industrial Average increased 37.90 points, or 0.13 percent, to end at 29,910.37. The S&P 500 was up 8.7 points, or 0.24 percent, to 3,638.35. The Nasdaq Composite Index jumped 111.44 points, or 0.92 percent, to 12,205.85. Earlier in the day, the Nasdaq hit an all-time high at 12,236.23.

Friday's session ended at 1 p.m. ET, three hours earlier than usual.

Five of the 11 primary S&P 500 sectors advanced, with health care closing up 0.95 percent, outpacing the rest. Energy slipped 1.25 percent, the worst-performing group.

U.S.-listed Chinese companies traded roughly flat, with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

It was a solid week for U.S. equities, featuring a major milestone on Wall Street on Tuesday that saw the Dow rally to new highs to close above the 30,000 mark for the first time in history.

For the week, the Dow and S&P 500 rose 2.2 percent and 2.3 percent, respectively. The Nasdaq posted a weekly gain of 3 percent.

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