Overview

• U.S. stocks traded higher with the Dow Jones index gaining more than 50 points.
• U.S. wholesale inventories declined by 0.2% month-over-month in November.
• Oil traded down 1.2% to $73.26.
• The S&P 500 is on track for its ninth straight week of gains and is up more than 24%.
• Applications for unemployment benefits rose last week, but not enough to raise concerns about the labor market or broader economy.