Retail stocks are some of the biggest movers on the shortened Black Friday day of trading.
Stock markets closed early on Friday, as the Black Friday shopping holiday continues across the US.
Retail stocks got a boost on Friday, with Macy's rising more than 4% as one of biggest winners. The CEO told CNBC that Macy's online business is going strong. The company, along with its retail competitors, still have a lot of work ahead this holiday season, as consumer trends have shifted online, and brick-and-mortar stores have been struggling.
Here's the scoreboard:
- Dow: 23,557.99, 31.81, ( 0.14%)
- S&P 500: 2,602.42, 5.34, ( 0.14%)
- Nasdaq: 6,889.16, 21.80, ( 0.32%)
- US 10-year yield: 2.34%, 0.018
- WTI crude oil: $58.85, 0.83, ( 1.43%)
Black Friday is giving retail stocks a boost. Black Friday is one of the most important days for retail, with one third of annual sales occurring in the fourth quarter.
Jeff Bezos is closing in on $100 billion after a Black Friday stock surge. Retail stocks have surged after strong Black Friday sales figures, pushing Amazon stock to record highs and adding $1.7 billion to Bezos' fortune.
Ethereum soars to new all-time high above $440. The price of ether hit an all-time high of $445 Friday morning, according to data from Markets Insider.
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Amazon just hit a record high on Black Friday. Amazon stock is up 55.37% so far this year.
Retail stocks are some of the biggest movers on the shortened Black Friday day of trading. Read Full Story
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