Stocks Hit Record Highs on Black Friday; Target Sees 'Surge' in Digital Traffic

U.S. stocks moved higher Friday, in a shortened trading session, with the S&P 500 and the Dow Jones Industrial Average hitting fresh record highs.
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U.S. stocks moved higher Friday, in a shortened trading session, with the S&P 500 and the Dow Jones Industrial Average hitting fresh record highs. The markets close at 1 p.m. Eastern. Target (TGT) - Get Report shares were in focus as shoppers hit the stores for Black Friday, one of the biggest shopping days of the year. In a conference call on Thursday night, CEO Brian Cornell said the retailer experienced a "surge" in digital traffic on Thanksgiving Day. Target is set to "deliver on its goal of double-digit percentage online sales growth for the holidays." Crude oil moved lower retreating towards $47 a barrel as investors anxiously await next week's OPEC meeting in Vienna, where a decision is expected on whether the cartel will limit production to a range of 32.5 million to 33 million barrels per day. TheStreet's Scott Gamm reports from Wall Street.