In a significant trading session shortened by the holiday, the Dow Jones Industrial Average and the S&P 500 surged to unprecedented heights on Friday, wrapping up a month marked by Donald Trump's presidential election victory. The S&P 500 ascended 0.6%, reaching 6,032.4, while the Dow Jones gained 0.4%, closing at 44,910.7.
The Nasdaq saw an impressive increase of 0.8%, ending at 19,218.2. Leading the day's gains were consumer discretionary and technology sectors, whereas real estate and utilities faced the only declines. As market participants await the farm prices report set for 3 pm ET, notable developments in corporate news caught investors' attention. Shares of Nano Nuclear Energy jumped 3.1% after the company announced the successful closure of a $60 million private placement of common shares and warrants late Wednesday. In a separate yet impactful event, employees of Amazon.com in India participated in a Black Friday strike aimed at securing better wages and working conditions.
Approximately 200 warehouse workers and delivery drivers rallied in New Delhi under the auspices of the Amazon India Workers Union. Responding to these events, Amazon India stated that the strike has not disrupted operations, asserting that the company offers "fair and competitive" wages and complies with all pertinent wage laws.
Following this news, Amazon shares appreciated by 1.1%. Meanwhile, the U.S. 10-year Treasury yield decreased by 4.5 basis points to 4.20%, and the two-year rate diminished by 4.1 basis points to 4.17%. Additionally, the bond market's early closure at 2 pm ET highlighted investors' attentiveness. The U.S.
Dollar Index also retreated, easing by 0.3% to settle at 105.85. In the commodities market, West Texas Intermediate crude experienced a slight dip of 0.2%, trading at $68.60 per barrel. Precious metals remained a bright spot; gold increased by 0.7% to reach $2,684.60 per ounce, and silver gained 1.8%, closing at $31.11 per ounce..