U.S. stocks closed mixed on Friday amid a low-volume trading day after the Thanksgiving holiday.
The Dow Jones Industrial Average (^DJI) closed up about 0.3%, or more than 100 points higher, while the benchmark S&P 500 index (^GSPC) embraced the flat line. The tech-heavy Nasdaq Composite (^IXIC) lagged, falling approximately 0.1%.
All three major indexes closed with gains for the fourth consecutive week, making November the best month for the Dow since October 2022. The Nasdaq and S&P 500 are on track for their best month since July 2022.
Bond yields rose with the 10-year Treasury bond (^TNX) rising about 6 basis points to trade around 4.48%.
Retailers outperformed the broader market Black Friday starts the Christmas shopping season. The S&P retail sector (XRT) closed up about 0.6%, as companies like Home Depot (HD) and Best Buy (BBY) earned to end the week.
Big chains like Target (TGT) and Walmart (WMT) also closed higher, despite warning that stingy consumers are spend cautiously. Retailers go Earlier and longer Christmas promotions. as buyers become demanding.
Amazon (AMZN), meanwhile, ended the shortened holiday trading session unchanged, as the company NFL's first Black Friday game prepares to debut in a bid to capture more viewers, attract holiday shoppers and attract higher-paying advertisers.
Read more: 6 Ways to Save Money on Your Black Friday Shopping List
Discord in OPEC+ kept crude oil prices under control after the group of oil-producing countries said that host your next meeting online. The meeting to discuss production was delayed due to a dispute between Saudi Arabia and African members over quotas, Bloomberg reported.
Brent crude oil futures (BZ=F) fell to trade just above $81 per barrel, after falling 1.3% in the last two sessions. West Texas Intermediate (WTI) Crude oil futures fell about 1% to trade at around $76 a barrel after the Thanksgiving Day trading pause.
Nvidia (NVDA) shares closed down nearly 2% after Reuters reported that the company had delayed the launch in China of an AI chip designed to meet Restrictions on US exports. In its Profits This week, Nvidia said new US restrictions would hurt its results.
Cryptocurrencies saw a huge boost with bitcoin (BTC-USD) rebounded to trade above $38,000 at one point in the session, its highest level since May 2022. Shares of cryptocurrency broker Coinbase (CURRENCY) also rose on the news, closing down around 6%.
tesla (TSLA), another leading symbol on the Yahoo Finance home page, rose about 0.5% after CEO Elon Musk saying It's "crazy" how a strike that started at seven repair shops has begun to spread in the country of Sweden, with postal workers now refusing to make deliveries to Tesla offices.
The strike comes after Shawn Fain, president of the United Auto Workers union, attempted to targets Tesla next.
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