US stocks were higher in the holiday-shortened week, as investors snapped a two week losing streak ahead of the busy holiday shopping weekend. The Dow Jones and S&P500 advanced 0.9% on the week, while the Nasdaq rallied 1.6% as the e-commerce giant, Amazon Inc. paced gains.
U.S. stocks are drifting higher as we head into the Thanksgiving week holiday. In early trading, the Dow is up .34% and the S&P500 is trading up .1%. The U.S. markets will be closed on Thursday for the holiday and only open for a half day on Friday. All of the main benchmarks closed out last week with losses for the second straight week.
On Friday, U.S. stocks closed lower ending a string of positive weeks that began in early September. The Dow was down 0.5% for the week and the S&P500 and Nasdaq were both 0.2% lower.
US stocks continued their record run last week with large-cap stocks notching their eighth consecutive weekly advance. The Nasdaq paced gains with a 0.9% advance on the week, while the Dow Jones Industrial Average and S&P500 inched higher with 0.4% and 0.3% gains respectively.