Stock Market Today: Stock Futures Are Mixed on Black Friday - TheStreet

Stock futures were narrowly mixed Friday in what looked to be a quieter trading session after Thursday's Thanksgiving holiday.

S&P 500 futures were up 0.02%, Dow Jones Industrial Average futures were down 0.07%, and Nasdaq futures rose 0.3%.

Retailers were on watch as Black Friday, one of the biggest shopping days of the year, kicked off. Early checks by Adobe suggest online sales have offered 24% deeper discounts than a year earlier to move more inventory. 

Around 30 million people are expected to have shopped on Thanksgiving, plus 99.7 million on Black Friday, according to the National Retail Federation. The trade group estimates about 135.8 million people will be shopping during the four-day weekend, compared with 133.7 million last year. Overall sales for November and December are forecast to rise 3.7% to $630.5 billion.

Target (TGT) - Get Report has already said that its results have been better than expected, though did not disclose any solid sales numbers. The retailer began its promotions last Sunday with discounts of around 10% on electronics. 

Other retailers including e-commerce company Amazon (AMZN) - Get Report , the world's largest retailer Wal-Mart (WMT) - Get Report , and Macy's (M) - Get Report were moving higher on hopes for a stronger turnout this Black Friday than last year.

China's Shanghai Composite closed 5.5% lower in its biggest daily drop since Aug. 18. Chinese shares were under pressure on news some of the country's largest brokerage firms would be investigated by regulators. Citic Securities and Guosen Securities said they were currently under investigation by the China Securities Regulatory Commission. 

Oil prices declined on Friday in nervous trading ahead of the Organization of Petroleum Exporting Countries' meeting next week. Investors hope the group will decide to cut output in an effort to drive up prices. OPEC members have held production near record highs as prices slumped in a strategic move to hold onto market share. West Texas Intermediate crude was down 2.2% to $42.10 a barrel on Friday. 

Disney (DIS) - Get Report shares fell more than 2% in premarket trading after the world's largest entertainment company disclosed that sports channel ESPN had lost 7 million subscribers over the past two years. ESPN had 92 million subscribers as of the end of the fiscal year in October, down from 95 million a year earlier.

HSBC (HSBC) - Get Report shares were on watch after the company announced it was shutting down its private banking business in India. The bank is currently cutting costs by shrinking its global reach. HSBC said the 70 employees who work at the devision will move to its retail arm.