(Corrects paragraph 6 to say "briskly", not "brusquely")
* Consumer staples rise helped by P&G, Coke
* Utilities top percentage gainers among S&P sectors
* Energy stocks drop along with oil prices
* Indexes up: Dow 0.28 pct, S&P 0.27 pct, Nasdaq 0.22 pct
By Yashaswini Swamynathan
Nov 25 Wall Street extended its gains in thin
trading on Friday, with the three main indexes hitting record
intraday highs, helped by gains in consumer staples and
The U.S. stock market will close at 1:00 p.m. ET (1700 GMT)
on the occasion of Black Friday.
The S&P 500 consumer staples sector gave the
broader index its biggest boost, rising 0.75 percent, led by
gains in Procter & Gamble and Coca-Cola.
Since the U.S. election, the three main U.S. indexes have
hit all-time highs and closed at record levels multiple times in
the past few days.
However, the defensive consumer staples and utilities
sectors have been the worst performers in that period.
"People are looking for value in the market. While many
stocks have risen quite briskly, investors are looking for some
forgotten names in the rally," said Andre Bakhos, managing
director at Janlyn Capital in Bernardsville, New Jersey.
"These orphaned stocks are being hunted today."
At 12:27 p.m. ET the Dow Jones Industrial Average was
up 53.62 points, or 0.28 percent, at 19,136.8.
The S&P 500 was up 5.97 points, or 0.27 percent, at
The Nasdaq Composite was up 12.02 points, or 0.22
percent, at 5,392.70.
Ten of the 11 major S&P sectors were trading higher, led by
a 1.23 percent rise in utilities.
The technology sector was up 0.26 percent, led by
Cisco and Apple.
The energy sector, fell 0.6 percent, pulled down by
a 2.7 percent drop in oil prices amid uncertainty that the OPEC
would arrive at a decision to cut production during a meeting
Johnson & Johnson inched up 0.8 percent rise after
the company confirmed media reports that it was in talks to
acquire Swiss biotechnology company Actelion.
Advancing issues outnumbered decliners on the NYSE by 1,725
to 1,101. On the Nasdaq, 1,573 issues rose and 1,082 fell.
The S&P 500 index showed 44 new 52-week highs and no new
lows, while the Nasdaq recorded 240 new highs and 11 new lows.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by