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Wall Street closes at record highs; Nasdaq at 14-year highs

FXStreet (San Francisco) - The US stocks market closed at records as investors digested a string of poor economic data, including Michigan consumer confidence, Chicago PMI and rates of home sales. It seems mood of Thanksgiving finally arrived in the market and the indexes finished at record closes for the Dow and the S&P while a 14-year high in the Nasdaq.

Technology shares (+0.90%) fed the rally, followed by Telecommunications (+0.76%) and Healthcare (+0.70%). To the downside, the energy sector (-0.63%) pressured wall street to the downside amid weak oil prices and the US House subcommittee on Energy and Power announcement that it will hold a hearing on December 11 to decide if Washington should lift its nearly 40-year crude oil export ban.

Big movers today were $KMI (+3.85%), $HPQ (+4.07%), $TWTR (+3.45%) and $FB (+2.68%). Laggards were $SDRL (-22.73%), $HTZ (-3.88%), $HMC (-2.55%) and $SLB (-2.51%). Among others, $ABBV, $BRK.B, $KMP, $AAL, $COST, $DIS, $HPQ, $INTC and $WFX reached fresh 52-week highs.

Small caps advanced on the day as the Russell 2000 showed with its 4.29 pts or 0.36% advance to 1,190.62. The crude oil tested November 14 lows at $73.30 while the gold remains trading quiet around 1,198.20.

The Dow Jones rose 12.81 points or 0.07% to finish at 17,827.75; the S&P 500 added 5.80 points or 0.28% to 2,072.83 while the Nasdaq Composite closed the session at 4,787.32 after winning 29.06 pts or 0.61%.

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