Sign up for a free Courant newsletter for a chance to win $100 P.C. Richard gift card

Carl Icahn

More stock records as technology and energy companies rise

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.

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.

"If you take the cumulative effect of online and foot traffic going into the stores, it's showing you a robust consumer spending pattern," said Quincy Krosby, chief market strategist...

34°