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S&P 500 ends just below record high above 4,700 on Thanksgiving’s eve, as Nasdaq rises and Dow closes flat

S&P 500 ends just below record high above 4,700 on Thanksgiving's eve, as Nasdaq rises and Dow closes flat

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U.S. stocks finished mostly higher on the eve of Thanksiving as investors parsed a deluge of data, including minutes from the Federal Reserve’s November meeting, which indicated that inflation pressures could take longer to subside than previously thought and that members of the central bank raised the possibility of ending bond purchases sooner than they planned if high prices persisted. The Dow Jones Industrial Average DJIA, -0.03% closed in negative territory but virtually unchanged at around 35,805, on a preliminary basis, the S&P 500 index SPX, +0.23% advanced 0.2% to around 4,701, just below a Nov. 18 closing record high at 4,704.54, and the Nasdaq Composite Index COMP, +0.44% gained 0.4% at roughly 15,845.

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