S&P 500, Dow score record close ahead of Thanksgiving break

The S&P 500 and Dow Jones Industrial Average ended slightly higher on Wednesday, scoring their 47th and 30th record closes this year, respectively.

The S&P 500 SPX, +0.28%  closed 5.74 points, or 0.3%, higher at 2,072.77. The Dow Jones Industrial Average DJIA, +0.07%  added 12.81 points, or 0.1%, to 17,827.75.

Dollar index extends losses on weak U.S. data

The ICE U.S. Dollar Index extended its losses Wednesday after a stream of weak economic data released over the past two days implied that U.S. economic growth won’t be as strong in the fourth quarter as it was in the third.

The dollar index DXY, -0.04% a measure of its strength against a basket of six rival currencies, was down 0.32% on the day to 87.6290, it’s lowest level since last Thursday.

The euro EURUSD, +0.00% which is the most heavily-weighted of the dollar index’s components, traded at $1.2514, compared with $1.2477 Tuesday.

The dollar JPYUSD, +0.34%  traded at 117.71 yen, compared with ¥117.85 Tuesday.

Platinum Market Update

January platinum PLF5, -0.55%  settled higher by $3.90, or 0.3%, at $1,228.40 an ounce, while December palladium PAZ4, -0.61%  finished up by $6, or nearly 0.8%, at $801.60 an ounce. High-grade copper for December delivery HGZ4, +0.22%  settled unchanged at $2.96 a pound.

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Gasoline Market Update

Nymex reformulated gasoline blendstock for January RBF5, -1.95%   — the benchmark gasoline contract — ended little changed at $2.01 a gallon.

 January natural gas NGF15, -0.07%  lost 4 cents to $4.36 per million British thermal units.

Oil ends at four-year low ahead of OPEC meeting

Crude-oil futures extended their slide Wednesday, ending at a four-year low on expectations the Organization of the Petroleum Exporting Countries won’t move to significantly cut oil production.

Sweet crude futures for delivery in January CLF5, -1.19%  declined 40 cents to close at $73.69 a barrel, continuing to plumb levels last seen by a most-active contract in September 2010. January Brent crude LCOF5, -1.56%   on London’s ICE Futures exchange slid 54 cents to $77.80 a barrel.