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Nov 30 2015

Stocks quiet post-Thanksgiving, investors await data

Market Recap 11/27/15:

U.S. stocks ended flat in Friday’s shortened post-Thanksgiving session, with investors mostly sitting the day out. Trading volume was extremely light, as is typical for the day after Thanksgiving. Retail stocks were among the most active of the day, with the group mostly falling as investors digested some early signs that the holiday shopping season hadn’t gotten off to an encouraging start. Many consumers favored online shopping over brick-and-mortar stores, which could spell further weakness for department stores, while the steep discounts offered to lure in companies could result in margin pressure.

Looking ahead:

U.S. stock index futures were little changed on Monday, with investors finding few reasons to make big bets one way or the other in the quiet post-Thanksgiving period. Investors will continue to watch for reads on the strength of the holiday shopping season, and could begin to position with an eye towards year-end holdings. Homebuilders will be in focus with the release of pending home sales data after the market opens. The report could have broader implications given how housing data is one of the sectors the Federal Reserve looks at to make decisions about interest rates. 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.