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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