Encouraged by strong Black Friday activity that boosted
consumer-discretionary stocks, Wall Street was in a cheery mood
Friday, sending the three major U.S. stock indexes to fresh
Still, volume was light on Black Friday, which typically is the
trading day of the year. Overall volume was only a fraction of
the norm and
the bulk of activity was in the consumer-discretionary
Nonetheless, a little more than an hour before the shortened
day's close, the
Dow Jones Industrial Average and Standard & Poor's 500 index
were poised to
close higher for the seventh-consecutive week while the Nasdaq
on track to close higher for the third-straight week.
The DJIA hit a new record of 16174.51 Friday, while the S&P
500's new record
was hit at 1813.55 and the Nasdaq Composite reached a new record
Friday's gains as of recent trading put the indexes'
year-to-date climbs at
23%, 27% and 35%, respectively.
Europe also closed mostly higher Friday, with the UK FTSE and
German Dax supported by encouraging European Union economic and
inflation data, expected to keep the European Central Bank from
cutting rates again at next week's policy meeting. Tensions between
China and Japan put pressure on the Nikkei.
Recently, crude oil was up $1.31 to $93.62 per barrel. Natural
gas was up $0.06 to $3.95 per one million BTU. Gold was up $15.10
to $1,253.00 an ounce, while silver was up $0.40 to $20.09 an
ounce. Copper was up $0.03 to $3.22 per pound.
Among energy ETFs, the United States Oil Fund was up 1.3% to
$33.61 while the United States Natural Gas Fund was up 1.1% to
$19.29. Amongst precious-metal funds, the Market Vectors Gold
Miners ETF was up 2.6% to 22.34 while SPDR Gold Shares was up 1.2%
to $120.92. The iShares Silver Trust was up 2% to $19.33.
Here is where the markets stood at noon, with an hour until the
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(+) ZOOM (+233.33%) Agreed to acquire mobile-advertising company
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(-) RENN (-10.75%) Reported a Q3 adjusted loss of $19.7 million,
wider than the loss of $12.1 million in the corresponding period of
(-) UEPS (-28.88%) The South African Constitutional Court set
aside appeals court decision but suspended its declaration of
invalidity pending determination of a "just and equitable remedy"
regarding South African Social Security Agency awarding a contract
to Net1's wholly owned subsidiary Cash Paymaster Services.
(-) FTNT (-12.32%) Analysts were "unsettled" by the departure of
Chief Financial Officer Ahmed Rubaie after just seven months on the
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