Wall Street is eyeing a sixth straight day of gains. The S&P and Nasdaq opened at fresh record highs following some better-than-expected earnings from big name retailers and after OPEC extended production cuts. Yahoo Finance's Alexis Christoforous talks about the day's top stories with Yahoo Finance editor-in-chief Andy Serwer, markets reporter Myles Udland and Kevin Nicholson, chief investment strategist at RiverFront Investment Group.
"Equity returns in the last years of a bull market have historically been very strong, making it very painful to sell too early."
U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting new highs, helped by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers. The discretionary index (.SPLRCD) was up 1.2 percent, while the S&P 500 retail index (.SPXRT) was up 1.9 percent, on track for its best day since Nov. 7. Best Buy (BBY.N) jumped more than 22 percent, hitting a record high and making it the top gainer on the S&P, after its comparable sales unexpectedly rose last quarter.