Tech Leads S&P Above 2,600; Amazon, Other Retail Stocks Gain
- 6 years ago
Tech Leads S&P Above 2,600; Amazon, Other Retail Stocks Gain
(Reuters) - Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon
and retail stocks got a boost from signs of a strong start to the holiday shopping season.
Adobe, which measures 80 percent of online transactions at the largest 100 U. S. web retailers,
forecast online Black Friday sales of $5 billion, which would be a record high.
The stock market had a half session on what is known as Black Friday, the day after the Thanksgiving holiday
and the unofficial start of the U. S. holiday shopping season.
(Reuters) - Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon
and retail stocks got a boost from signs of a strong start to the holiday shopping season.
Adobe, which measures 80 percent of online transactions at the largest 100 U. S. web retailers,
forecast online Black Friday sales of $5 billion, which would be a record high.
The stock market had a half session on what is known as Black Friday, the day after the Thanksgiving holiday
and the unofficial start of the U. S. holiday shopping season.