Black Friday Pretty Quiet for the Markets

Stocks edge mostly higher, but Dow is slightly down
By Newser Editors and Wire Services
Posted Nov 27, 2015 12:16 PM CST
Santa Claus, from the Macy's Thanksgiving Day Parade, visits the trading floor of the New York Stock Exchange before the opening bell, Wednesday, Nov. 25, 2015.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing mostly higher in an abbreviated day of trading. The Standard & Poor's 500 index edged up a point, less than 0.1%, to 2,090 Friday. The Dow Jones industrial average lost 14 points, also less than 0.1%, to 17,798. The Nasdaq composite rose 11 points, or 0.2%, to 5,127. US markets closed at 1pm Eastern time.

Telecommunications stocks and banks rose the most Friday. Verizon and Goldman Sachs had the biggest gains in the Dow. A drop in Disney left the Dow slightly lower. Disney fell 3% after reporting a decline in ESPN subscribers. Energy companies fell along with the price of oil. Consol Energy sank 7%. Bond prices rose. The yield on the 10-year Treasury note fell to 2.22%.

My Take on This Story
Show results without voting  |