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  • optimism around an economic rebound next year lifted Wall Street Friday, sending the NASDAQ to a record closing high.

  • Tech and healthcare stocks led the rally as a market action rotated back to growth stocks and away from economically sensitive cyclical and value stocks.

  • The NASDAQ closed up nearly 1% the S and P 500 added a quarter percent and the Dow inched 1/10 percent higher.

  • All three indexes made solid gains on the week.

  • Spartan Capital Securities chief market economist Peter Cardillo says investors should not read too much into Friday's holiday shortened trading session.

  • It's really not that, uh, constructive in a sense that it's a abbreviated session.

  • Volume is like.

  • But if we do close where we are now, uh, it's a good sign that come on Monday that the market probably will continue to rally on this black Friday, masked shoppers turned up in smaller numbers at major US retailers as early online deals and coronavirus concerns dulled enthusiasm for trips to the mall.

  • Shares of big box retailers such as Wal Mart and Target surrendered their earlier gains.

  • Investors were less kind to traditional department store operators Macy's, J.

  • C.

  • Penney and Nordstrom.

  • But online retailers Amazon, eBay and Etsy rose shares of Walt Disney Dip after the media and entertainment giant said it would lay off about 32,000 workers.

optimism around an economic rebound next year lifted Wall Street Friday, sending the NASDAQ to a record closing high.

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B2 nasdaq friday market rally session percent

Wall St. gains, Nasdaq hits record high as holiday shopping begins

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    林宜悉 posted on 2020/12/01
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