Stocks Opened Higher after Two-day Sell-off

U.S. stocks opened higher on Friday, shrugging off concerns over a potential government shutdown and a hawkish Federal Reserve. The Dow Jones Industrial Average lately rose 147.06 points, or 0.64%, to 23,006.66. The S&P 500 gained 11.29 points, or 0.46%, to 2,478.71. The Nasdaq Composite advanced 14.75 points, or 0.23%, to 6,543.15.

Oil prices were lower Friday, as little traction was gained from reports Saudi Arabia will cut more oil than first announced as part of an OPEC-led agreement. February West Texas Intermediate eased 38 cents, or 0.8%, at $45.50 a barrel. February Brent fell $1.39, or 2.5%, at $52.96 a barrel.

With only four days to go until Christmas, it’s already a record-breaking holiday shopping season for e-commerce, according to Adobe Analytics latest figures.

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