The S&P 500 and the Dow were poised to eke out enough gains to hit record highs on Black Friday, with the focus on retailers at the start of the crucial holiday shopping season.
Trading volumes are expected to be relatively thin, with the stock market scheduled to close at 1 p.m. The market was shut on Thursday for the Thanksgiving holiday.
Since the presidential election, the three main US indexes have hit all-time highs and closed at record levels multiple times in the past few days, most recently on Wednesday, when industrials boosted the Dow and S&P to record-high closes.
“Trump’s stock market honeymoon continues as the indices push higher this morning, and the focus now shifts to holiday sales,” said Peter Cardillo, chief market economist at First Standard Financial in New York.