BLACK FRIDAY SENDS STOCKS HIGHER: Here's what you need to know
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: 23,582.10, +56.62, (0.24%)
- S&P 500: 2,603.81, +6.73, (0.26%)
- Nasdaq: 6,888.18, +20.54, (0.30%)
- US 10-year yield: 2.318%, -0.04
- WTI crude oil: $58.83, -0.78, (+1.34%)
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.
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Amazon just hit a record high on Black Friday. Amazon stock is up 55.37% so far this year.