Stocks Continue Winning Streak, Close Higher for Fourth Consecutive Week

The Dow Jones Industrial Average closed 117.12 points higher on Friday, marking a four-week winning streak for the major averages. The S&P 500 and Nasdaq Composite also saw slight gains, while the Nasdaq fell slightly. Major retail shares rose as Black Friday kicked off the holiday shopping season. For the week, the Dow gained 1.27%, the S&P 500 advanced 1%, and the Nasdaq Composite added 0.89%. Treasury yields hit multimonth lows, signaling hope that inflation is cooling and the Federal Reserve may be done raising rates.