Markets Close 'Green' on Black Friday
While shoppers were busy looking for bargains at the mall, traders were busy doing the same on Wall Street.
Markets closed early on the day after Thanksgiving.
Here are some highlights from the abbreviated trading day:
- Dow Jones Industrial Average, S&P 500 and Nasdaq all close well into the green
- S&P 500, Nasdaq both scored intraday highs at the market open
- Retail stocks are taking center stage as Black Friday statistics trickle in Online shopping appears to be outpacing traditional retail, with in-store traffic somewhat light and online and smartphone traffic gaining
- Energy stocks traded higher Friday as WTI crude oil reached close to $59 per barrel This comes as TransCanada's Keystone XL pipeline deals with closures that will cap domestic production, and as OPEC readies for a meeting next week during which investors expect the group will extend production cuts
- Teva (TEVA) - Get Report Pharmaceutical Industries Ltd. shares were higher after the company reportedly decided it will cut jobs - as much as 25% of it's global workforce
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