S&P 500, Nasdaq open at all-time intraday highs to kick off Black Friday trade

U.S. stock indexes opened slightly higher, trading at or near record territory, in what will be an abbreviated trading session, as investors focused on retailers on Black Friday. The Dow Jones Industrial Average rose 37 points, or 0.2%, at 23,566, the S&P 500 index climbed 0.2% at 2,602, touching an all-time high in intraday record at 2,602.25. Meanwhile, the Nasdaq Composite Index rose 9 points, or 0.1%, at 6,876, setting an intraday record at 6,879.25. U.S. equity markets will close at 1 p.m. Eastern, while the bond market will finish up at 2 p.m., the day after Thanksgiving was observed. In corporate news, shares of Wal-Mart , up 0.5%, and Macy’s Inc. stock, up 2.4%, benefiting from bullish bets as investors wagered on strong buying ahead of the holiday season.

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From:: Stock Market News

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