Stocks Ended Higher, S&P 500 and Nasdaq Hit Record Highs

U.S. stocks ended higher on black Friday, with the S&P 500 and Nasdaq hiting record highs, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season. The Dow Jones Industrial Average gained 31.81 points, or 0.14%, to 23,557.99. The S&P 500 added 5.34 points, or 0.21%, to 2,602.42. The Nasdaq Composite iadvanced 21.80 points, or 0.32%, to 6,889.16. All three main benchmarks posted their weekly gains in three weeks.

U.S. oil prices rose on Friday, settling at a 21/2-year high, as investors focused on a disruption to a major crude-oil hub in Oklahoma and looked ahead to a key meeting of the Organization of the Petroleum Exporting Countries next week. West Texas Intermediate crude oil for January delivery finished up 93 cents, or 1.6%, at $58.95 a barrel. For the week, WTI crude oil, closed with a weekly climb of 1.8%.

On Thanksgiving, U.S. shoppers spent more than $2.87 billion online, according to Adobe Analytics. Adobe said Black Friday online sales were up 18.4 percent at $640 million as of 10 a.m. ET and would rise to a record of $5 billion.