- Brendan McDermid/Reuters
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: 23,557.99, +31.81, (+0.14%)
- S&P 500: 2,602.42, +5.34, (+0.14%)
- Nasdaq: 6,889.16, +21.80, (+0.32%)
- US 10-year yield: 2.34%, +0.018
- WTI crude oil: $58.85, +0.83, (+1.43%)
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.
Jeff Bezos is closing in on $100 billion after a Black Friday stock surge. Retail stocks have surged after strong Black Friday sales figures, pushing Amazon stock to record highs and adding $1.7 billion to Bezos’ fortune.
Ethereum soars to new all-time high above $440. The price of ether hit an all-time high of $445 Friday morning, according to data from Markets Insider.
A top hedge fund recruiter explains the 4 most misunderstood aspects of hedge funds. Ilana Weinstein is the founder of The IDW Group, which focuses on recruiting investment talent for all kinds of investment strategies.
Amazon just hit a record high on Black Friday. Amazon stock is up 55.37% so far this year.