Markets Right Now: Energy, tech lead stock gains
The latest on developments in financial markets (All times local):
Stocks are ending a shortened trading day with more record highs as technology and health care companies post solid gains.
Energy stocks were also higher Friday as the price of U.S. crude oil rose 1.6 percent. Oil was higher after Bloomberg reported that OPEC and Russia have agreed on an outline for extending production cuts.
Hess rose 2.3 percent and Marathon Oil gained 1.7 percent.
Macy’s rose 2.1 percent after its CEO said the holiday shopping period had gotten off to a good start.
The Standard & Poor’s 500 index rose 5 points, or 0.2 percent, to 2,602, another record high and its first close over 2,600.
The Dow Jones industrial average rose 31 points, or 0.2 percent, to 23,557. The Nasdaq gained 21 points, or 0.3 percent, to 6,889.