U.S. Stocks Rise On Eurozone Data, ‘Black Friday’ Buzz

@AFP

New York (AFP) – U.S. stocks on Friday opened higher in a holiday-shortened session following better eurozone economic data and positive early assessments of “Black Friday” sales by some leading retailers.

Five minutes into trade, the Dow Jones Industrial Average gained 34.16 (0.21 percent) at 16,131.49.

The broad-based S&P 500 tacked on 2.77 (0.15 percent) at 1,810.00, while the tech-rich Nasdaq Composite Index advanced 16.24 (0.40 percent) to 4,060.99.

The gains followed a drop in eurozone unemployment to 12.1 percent in October from 12.2 percent in September. Inflation also rose, easing concerns about deflation somewhat.

Meanwhile, retail giants Wal-Mart Stores and Target both reported “record” openings to the critical “Black Friday” shopping weekend, which kicks off the critical holiday shopping period.

Dow member Walmart said total sales on Thanksgiving Day exceeded last year’s total of 22 million customer served.

“Our Black Friday events were bigger, better, faster, cheaper and safer than ever,” said Walmart chief executive Bill Simon. “More customers chose us, we had the prices and products they were looking for, and we’re not finished yet.”

Trading volume was expected to be light on Friday, and markets will close early.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Dave McCormick

Dave McCormick

David McCormick, who is Pennsylvania's presumptive Republican U.S. Senate nominee, has often suggested he grew up poor in a rural community. But a new report finds that his upbringing was far more affluent than he's suggested.

Keep reading...Show less
Reproductive Health Care Rights

Abortion opponents have maneuvered in courthouses for years to end access to reproductive health care. In Arizona last week, a win for the anti-abortion camp caused political blowback for Republican candidates in the state and beyond.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}