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
Black Friday Pretty Quiet for the Markets
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)

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%. (More Dow Jones stories.)

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