US stocks climbed on Friday ahead of a shortened trading session, with the focus on incoming president Donald Trump’s tariff agenda and the Black Friday shopping rush crucial to retailers.
Futures on the S&P 500 () and the Dow Jones Industrial Average () both moved up 0.3%, after pulling back from record highs on Wednesday. Contracts on the tech-heavy Nasdaq 100 () rose roughly 0.4%.
The last trading day in November sees the major gauges on track for monthly wins, despite a pullback in the rally spurred by Trump’s decisive election victory. The S&P 500 (^GSPC) is holding near its latest record high and will score its best month since February if an indicated 5% gain holds.
But a quiet session on Wall Street is in the cards as markets reopen after the Thanksgiving break, with Friday’s trading set to end early at 1 p.m. ET.
Investors continued to weigh the likely fallout — and impact of inflation — from the president-elect’s vow to impose hefty new tariffs on top US trading partners Mexico, Canada, and China. Hopes for a softening in that plan got a boost as Mexican President Claudia Sheinbaum said she’s confident that a tariff war can be averted after a phone call with Trump.
Coming soon
Live stock market coverage for Friday, Nov. 29, 2024
