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Dow, S&P 500 Set for Record Closes in Light Black Friday Session

Stocks edged higher on Friday, on track to post another record session, in a quieter session after the Thanksgiving holiday in the U.S.

The S&P 500 rose 0.25%, the Dow Jones Industrial Average gained 0.28%, and the Nasdaq was higher by 0.19%. The S&P 500 and Dow set intraday record highs.

The Dow and S&P 500 secured new records on Wednesday after minutes from the Federal Open Market Committee's meeting in November confirmed expectations for an interest rate hike in December. Federal Reserve members have recently taken a hawkish turn as labor market strength has held and inflation has moved toward the Fed's 2% target.

The U.S. trade deficit widened in...