Stocks Party Like it's 1999, Investors Look for More Gains Today

Stocks look to build on Thursday's broad gains, which put all 3 major U.S. stock indexes into record territory, the first time that's happened in the same day since December 31st, 1999. The major stock gauges are up between .1% and .4% for the week. The NASDAQ is on track for its 7th straight up week. Shares of Nordstrom (JWN) - Get Report  are soaring in the premarket. The retailer's earnings beat estimates despite a decline in revenue. Sales at its 'Rack' discount line of stores were up 11%. Nordstrom is also raising its full year profit forecast. Southwest (LUV) - Get Report  is giving more details about the costs of its technical problems last month in which 2000 flights were delayed or canceled. The Dallas Morning News estimates the lost revenue will cost $82 million. Retail sales for July are reported today. The University of Michigan issues its preliminary August sentiment report and the July Producer Price Index is out.