With traders returning to their desks following the Thanksgiving Day holiday on Thursday, stocks extended their pre-holiday rally during trading on Friday. The major averages all moved to the upside on the day, closing higher for the fifth consecutive session.
The major averages ended the day just off their highs of the session. The Dow climbed 289.30 points or 0.6 percent to 47,716.42, the Nasdaq advanced 151.00 points or 0.7 percent to 23,365.69 and the S&P 500 rose 36.48 points or 0.5 percent to 6,849.09.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.