Written by Gary
U.S. equities closed higher on Friday, posting weekly gains, as investors kept an eye on retailers during Black Friday as a post-election rally moved forward. The Dow Jones industrial average rose about 70 points, hitting a new record high, s 3M and IBM contributed the most gains. The S&P 500 also shot to a new record, closing 0.4 percent higher as utilities gained 1.4% to lead advancers. The Nasdaq composite rose 0.34%, closing above a previous record of 5,392.26. The three major indexes were also up more than 1% for the week and extended their weekly winning streak to three.