Market Recap 11/25/15:
U.S. stocks ended flat on Wednesday, with investors reluctant to make big bets going into the Thanksgiving holiday. The day’s trading was light, as it is expected to be on Friday, when markets will reopen for a shortened session. The day’s economic data was mixed, with jobless claims falling more than expected in the latest week while October durable goods rose more than expected. On the downside, consumer sentiment came in short of estimates.
U.S. stock index futures were flat on Friday, with many market participants still out for the Thanksgiving holiday. Trading will be far lighter than normal, with stocks closing earlier than usual on the day. Investors will be paying attention to the early reads on Black Friday sales to gauge how strong the holiday shopping season may be, though strong sales won’t necessarily translate to high profits given how discounts will diminish margins. In addition, traders are also watching the Chinese market, which is down sharply on the news that the country’s biggest brokerage is being investigated by regulators. Make sure you catch this week’s Money Matters with Gary Goldberg, which will air Sunday at 11 on WOR710. Visit our website www.ggfs.com for more details.