The Dow closed up nearly half a percent, the S&P 500 ended basically flat and the Nasdaq shed about half a percent as investors closely watched Black Friday sales
"It's such a low volume trading day as most people are at home that I never count Friday after Thanksgiving," said Ed Cofrancesco, chief executive officer of International Assets Advisory, in Orlando, Florida.
Volume on U.S. exchanges was 4.54 billion shares, compared with the 11.25 billion full-session average over the last 20 trading days. The Wall Street entrance to the New York Stock Exchange is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid Starting next week, investors will focus on retail sales, China's newest COVID outbreak and the Federal Reserve's next steps, Cofrancesco said.
Wall street's main indexes have rallied strongly from their early October lows, with the S&P 500 up more than 15% on a boost from a better-than-expected earnings season and more recently on hopes ofAnalysts now see a 71.1% chance that the Fed will increase its key benchmark rate by 50 basis points in December, with rates peaking in June 2023.
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