Key stock indexes on Wall Street swept to record intraday and closing highs on Black Friday thanks to gains in consumer staple and technology shares, while European stocks climbed and a stabilisation in US Treasury yields promoted investors to sell the dollar. The Dow, S&P 500 and Nasdaq indexes, as well as the small cap Russell 2000, hit record closing and intraday highs in thin trading, with the US stock market closing at 1:00 p.m. ET (1700 GMT). For the week, the Dow and Nasdaq gained 1.5 per cent, while the S&P 500 rose 1.4 per cent. The S&P 500 consumer staples index's 0.8 percent gain boosted shares on Black Friday, which traditionally kicks off the US holiday shopping season. European stocks notched a third straight week of gains, even as a tumble in oil prices dragged commodities shares lower. Uncertainty over whether OPEC will agree to cut production at the group's meeting next week weighed on crude prices. Expectations that US President-elect Donald Trump's promises of tax cuts, higher infrastructure spending and reduced regulation would benefit certain industries, including banking, industrials and healthcare, have underpinned multiple recent all-time highs in US...
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