Stock market live news updates: Stock futures mixed ahead of holiday trading – Yahoo Money


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Stocks were mixed on a shortened day of trading on Black Friday.
Near 12:40 p.m. ET, the S&P 500 was roughly unchanged, the Dow was up 0.5%, and the Nasdaq was down by 0.4%.
The U.S. stock market will close at 1:00 p.m. ET on Friday; financial markets in the U.S. were closed on Thursday for Thanksgiving.
Stocks finished with gains on Wednesday, the week's final full trading session, after the minutes from the Fed's latest meeting signaled a likely slowdown in the pace of rate hikes at the central bank's December meeting.
No major economic data or earnings reports are expected for release in the U.S., though investors and analysts will likely stay alert for early reports on how consumer demand holds up during the Black Friday holiday.
Data from Adobe Analytics out earlier this week showed consumer spending was up 0.1% over last year during the first three weeks of November.
Energy markets remain in focus for investors, with WTI crude oil down about 1.5% after an earlier move higher by nearly 3% early Friday, a rebound that follows Wednesday's slide in oil prices back towards 2022 lows.
In overseas markets, stocks in Europe finished off their sixth-straight winning week.
Investors were also trading news out overnight that the People's Bank of China would cut its reserve requirement for the second time this year in an effort to stimulate the economy.
After weakening earlier this week, the dollar staged a modest rally early in Friday's trading session.
In company news, shares of Manchester United (MANU) were up as much as 14% on Friday after a 25% gain on Wednesday as reports continue to swirl about a possible sale of the English football club by the Glazer family, which also owns the Tampa Bay Buccaneers.
As investors in the U.S. look towards the end of November and the end of a challenging year in financial markets, Yahoo Finance's Jared Blikre writes in Friday's Morning Brief that history does suggest more positive times could be ahead for market bulls.
During the period that covers the Tuesday before Thanksgiving through the second trading day of the new year, the S&P 500 has been higher 81% of the time since 1950. And in years when stocks rise during this period, the index gains 3.8%, on average.
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Shop the best Black Friday Apple deals for iPad, MacBook, Airpods and more that you can buy right now.
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In the chaotic displacement camps near the eastern DR Congo city of Goma, war victims recount brutal stories of rape and brushes with death in their flight from advancing rebels.
Spanish Prime Minister Pedro Sanchez was on Friday named head of the Socialist International (SI) as the movement of centre-left parties gathered in Madrid for a three-day congress.
Reuters/Jay PaulPolice have released the so-called manifesto left behind by the Walmart worker who killed six of his colleagues and himself—and it’s by turns self-pitying, paranoid, and apologetic.‘My God forgive me for what I am going to do,”Andre Bing wrote at the end of his screed, in which he derided his victims as being unintelligent while also bemoaning that he could not find a wife.The note was released as police revealed that Bing purchased the 9mm handgun he used to mow down his co-work
Cash-strapped shoppers have turned to credit cards to pay for Black Friday deals as they battle the cost of living crisis.
The man who fatally shot six people and wounded multiple others at a Virginia Walmart Tuesday legally purchased the gun that morning, police said.
Torrential rainfall accompanied thunderstorms in Saudi Arabia on Thursday, creating dangerous travel conditions for residents. While heavy rain fell across several towns in western Saudi Arabia on Thursday, the port city of Jeddah, located on the coast of the Red Sea and the second-largest city in the country, endured the worst of the flooding. Civil Defense spokesman Col. Muhammad Al-Qarni confirmed on Thursday that two people were killed as a result of the flooding when the victims became trap
Shop the best Black Friday smartwatch, fitness tracker and wearable tech deals that you can buy right now.


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