The dollar on Wednesday retreated against other major currencies following a string of mostly lacklustre US economic data.
The Dow Jones Industrial Average rose 12.81 points (0.07 per cent) to 17,827.75, about 10 points above the previous record.
The announcement follows a rescue deal between Alitalia and the Abu Dhabi-based Etihad Airways, which will take a 49 per cent stake in the debt-laden carrier.
US benchmark West Texas Intermediate (WTI) for January delivery fell 40 cents to US$73.69 a barrel on the New York Mercantile Exchange, its lowest closing price since September 2010.
The price cut, which Amazon said would last until Dec 1, was the second for Fire and was included in a set of holiday-shopping season deals announced for items including Kindle e-readers.
US new home sales rose modestly in October, with inventories on the market continuing to creep higher as the housing market recovery lags, government data released Wednesday showed.
US consumer spending rose 0.2 per cent in October after stalling in September, the Commerce Department said on Wednesday (Nov 26).
New claims for US unemployment insurance benefits increased by 21,000 in the week ending Nov 22 to 313,000, the Labor Department said on Wednesday (Nov 26).
"To deal with this situation we need to have a contribution from non-OPEC producers for managing the market," Iran's Oil Minister Bijan Namdar Zanganeh told reporters on arrival in Vienna, where the cartel is headquartered.
Alibaba founder Jack Ma said there was huge scope for "mutual engagement" in technology between India and China and that it could "change (the) lives" of many small businesses.