Stocks capped a shortened week of trading with modest gains Friday ahead of a busy week of economic data and a key OPEC meeting.
Cisco Systems (CSCO) outperformed in the Dow, rising 1%. China-based Ctrip.com (CTRP) led the Nasdaq 100, surging 10% on a big earnings beat.
The Dow Jones industrial average, S&P 500 and Nasdaq composite ended with gains of 0.3% to 0.4%. All closed at record highs.
Utilities were among the day's top performers while oil and gas names lagged. Futures of December's West Texas intermediate crude oil were down more than 3% to $46.35 a barrel ahead of next week's OPEC meeting, when some sort of output cut is widely expected.
In economic news, data from Adobe Digital Insights showed Thanksgiving online sales rose 14% from a year ago to just over $1 billion.
In the stock market today, Middleby (MIDD) continued its rapid ascent, rising 2% to 139.18. It's near the top of a base with a 141.08 buy point, but the stock shows 17 gains in the past 19 trading sessions, so a pullback wouldn't be out of the ordinary.
Sucampo Pharmaceutials (SCMP) outperformed in the IBD 50, rising 1%. It continues to trade tightly after gapping above its 50-day moving average Nov. 9.
Meanwhile, retailers Tiffany (TIF), American Eagle (AEO) and Ulta Beauty (ULTA) are all trading near buy points ahead of earnings next week. Tiffany reports on Tuesday before the open; American Eagle on Wednesday before the open, and Ulta on Thursday after the close.
Economic data in the coming week include the second estimate to Q3 gross domestic product, personal income and spending, ISM manufacturing and the November employment report.
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