The Nasdaq Composite led Friday's gains wrapping a winning week for the broader U.S. equity markets in the shortened holiday session on Black Friday.

The tech-heavy composite rose over 111 points or 0.9% helped in part by Tesla which continues to smash records.

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Elon Musk's electric-vehicle maker, which will be added to the S&P 500 on December 21, has seen its market cap soar to $555 billion through Friday.

The S&P 500 also closed at a fresh record rising 0.24%, while the Dow Jones Industrial Average rose over 37 points just below that key 30,000 level reached for the first time in history earlier this week.

DOW, S&P, NASDAQ RISE 2% FOR THE WEEK

All three of the major U.S. averages clocked gains of over 2% for the week. Read more at FOX Business