Dow and S&P Continue to Climb to Record Highs
Published at | Updated at
iStock/Thinkstock(NEW YORK) — The Dow Jones Industrial Average and S&P 500 reached new record highs on Monday.
The Dow climbed 7.84 points to 17,817.90, and the S&P jumped 5.91 points to 2,069.41. The Nasdaq went up 41.92 points to 4,754.89.
Retailers were among the biggest gainers as traders hoped for a solid holiday shopping season. The consumer “discretionary” sector, which includes Coach, Urban Outfitters, and The Gap, led blue-chip gains.
Merck has entered a partnership with a small drug developer to research and manufacture a potential Ebola vaccine. The vaccine is under early development by BioProtection Systems, a subsidiary of NewLink Genetics Corp.
A third of employees have to work on Thanksgiving, which is down slightly from 37% last year. The percentage of employees who work on Thanksgiving has been dropping over the past 15 years, as nearly half worked on Thanksgiving in 2000.
Follow @ABCNewsRadio
Copyright 2014 ABC News Radio