U.S. stocks set more records in quiet post-holiday trading Friday as technology companies again did much of the heavy lifting. Energy companies rose with the price of oil. The stock prices of many Nevada-based gaming companies also jumped in value with several reaching new 52-week highs.
Macy’s and some of its retail counterparts rose after the department store’s CEO said Black Friday sales were going well. Online titan Amazon made an even bigger gain. Oil prices and energy companies rose after Bloomberg reported that a group of key oil producers plans to extend production cuts until the end of 2018.
The Standard & Poor’s 500 index rose 5.34 points, or 0.2 percent, to 2,602.42. The Dow Jones industrial average added 31.81 points, or 0.1 percent, to 23,557.99. The Nasdaq composite gained 21.80 points, or 0.3 percent, to 6,889.16. The Russell 2000 index of smaller companies climbed 2.40 points, or 0.2 percent, to 1,519.16.
The Dow finished slightly below its record high from Tuesday but the other major indexes closed at all-time highs. Trading ended early after the Thanksgiving holiday on Thursday.
Gaming Stocks
Boyd Gaming gained 15 cents, nearly 0.50 percent at $30.38.
Caesars Entertainment added 25 cents, or 1.9 percent to close at $13.40. The company’s main operating unit recently emerged from bankruptcy.
Golden Entertainment gained $1.70, or 5.33 percent, to close at $33.61. Shares are up about 177 percent since the first of the year.
International Game Technology gained 13 cents, or 0.46 percent, to close at $28.10.
Las Vegas Sands dipped 5 cents, about 0.70 percent, to close at $67.65.
MGM Resorts International gained 44 cents, or 1.32 percent, to close at $33.89. Shares have recovered after initially dipping in the wake of the Oct. 1 shooting.
Red Rock Resorts, parent of Station Casinos LLC, tacked on 18 cents, or 0.63 percent, to close at $28.85.
Scientific Games lost 30 cents, or 0.58 prcent, to close at $51.70. Shares are up about 270 percent for the year.
Southwest Gas Corp. fell 56 cents, or 0.68 percent, to $81.70. The dividend yield for the Las Vegas-based company is 2.42 percent, according to Google finance.
Switch dropped 8 cents, or 0.45 percent, to close at $17.87. The company went public Oct. 6 at $17 a share.
Wynn Resorts Ltd. gained 73 cents, or 0.46 percent to close at $159.42. Shares are up 84 percent this year.
