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S&P and Nasdaq hit record highs as retailers, commodities provide boost

After two disappointing years, crowds at stores in many locations around the country this year were reported to be strong

Reuters 

The benchmark S&P 500 and the Nasdaq Composite hit records on Friday, a day after the Thanksgiving holiday, climbing with commodity prices and with retail stocks on signs of a strong start to the holiday shopping season. After two disappointing years, crowds at stores in many locations around the country this year were reported to be strong, according to analysts and retail consultants. Retailers get as much as 40 per cent of their annual sales during the holiday shopping season. By Thanksgiving evening, US shoppers had splurged more than $1.52 billion online, a 16.8 per ...

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First Published: Fri, November 24 2017. 20:07 IST
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