The Dow Jones Industrial Average and the S&P 500 closed at all-time highs in shortened trading on Friday, while all three benchmark equity indexes notched gains for the month of November.

The S&P 500 rose 0.6% to 6,032.4 Friday, while the Dow increased 0.4% to 44,910.7. The Nasdaq Composite advanced 0.8% to 19,218.2. Consumer discretionary and technology led the gainers among sectors, while financials closed little changed. Real estate and utilities posted losses.

Markets were closed Thursday for the Thanksgiving holiday.

Online spending on Thanksgiving rose in line with expectations, reaching $6.1 billion, according to Adobe (ADBE) Analytics' holiday shopping data.

For November, the Dow jumped 7.5%, while the Nasdaq surged 6.2%. The S&P 500 rallied 5.7%.

The US 10-year yield fell 6.4 basis points to 4.18% Friday, while the two-year rate dropped 4.8 basis points to 4.17%.

In company news, Apple (AAPL) shares rose 1%, among the top gainers on the Dow. The tech giant is poised for a "new era" of growth with the upcoming launch of its updated artificial intelligence features for iPhone 16, Wedbush Securities said in a note to clients.

First Solar (FSLR) and other US solar panel manufacturers could get additional protection from foreign rivals as US trade officials are expected to announce on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations, Reuters reported. First Solar shares increased 3.5%, among the best performers on the S&P 500.

Applied Therapeutics (APLT) shares tanked 76%. The biopharmaceutical company's lead drug candidate, govorestat, likely faces "significant" uncertainty in potentially treating galactosemia after the US Food and Drug Administration rejected its drug application, RBC Capital Markets said in a note to clients.

AI server maker Super Micro Computer (SMCI) saw the steepest decline on the S&P 500 and the Nasdaq, down 6.9%.

West Texas Intermediate crude oil dropped 0.2% to $68.59 a barrel Friday. The Organization of the Petroleum Exporting Countries and its allies delayed the cartel's policy meeting initially scheduled for Sunday to Thursday.

Traders awaited more details on whether OPEC+ will increase supplies or extend production cuts into 2025 to avoid oversupply "and the risk of further price weakness," Saxo Bank said in a Friday note.

Markets were also tracking the latest on the Middle East conflict, including a ceasefire agreement between Israel and Hezbollah, though both sides accused each other of violating the deal, Reuters reported.

Gold rose 0.5% to $2,677.50 per troy ounce, while silver jumped 1.7% to $31.06 per ounce.