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."
The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers. The discretionary index (.SPLRCD) gained 0.9 percent, while the S&P 500 retail index (.SPXRT) was up 1.6 percent, its best day since Dec. 7. Best Buy (BBY.N) jumped 21.5 percent, hitting a record high and making it the top gainer on the S&P, after its comparable sales unexpectedly rose last quarter.