US Equity Indexes on Track to Close Higher in Shortened Trading

MT Newswires Live01:15

US benchmark stock indexes were higher in midday trading Friday, with the S&P 500 and the Dow Jones Industrial Average touching fresh highs in the session set to close early at 1 pm ET.

The S&P 500 rose 0.7% to 6,040.5, the Dow Jones was up 0.7% to 45,046.8 and the Nasdaq advanced 0.8% to 19,215.7 at midday Friday.

All sectors were in the green intraday, led by technology and consumer discretionary.

The farm prices report for October is due at 3 pm ET.

In company news, Nano Nuclear Energy (NNE) shares rose more than 3% in recent Friday trading after the company said late Wednesday it closed a $60 million private placement of common shares and warrants.

Amazon.com (AMZN) employees in India said they have joined a Black Friday strike demanding higher wages and improved working conditions. The Associated Press reported that about 200 warehouse workers and delivery drivers joined a rally in New Delhi called by the Amazon India Workers Union.

In a statement to MT Newswires, Amazon India said the company has not seen the strike impact its operations, adding that it provides "fair and competitive" wages and ensures compliance with all applicable wage laws. Amazon shares were up 0.5% at midday.

The US 10-year Treasury yield fell 5.7 basis points to 4.21%. The two-year rate slid 4.7 basis points to 4.19%. The bond market will close early on Friday at 2 pm ET.

The US Dollar Index was down 0.1% to 106.08.

West Texas Intermediate crude rose 0.1% to $68.79 per barrel.

Gold was up 0.8% to $2,685.60 an ounce, and silver climbed 2% to $31.18 per ounce.

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