Here are the main events that will take place on Friday It can affect trading.
Black Friday: Trading action will resume on Friday, when the focus will be largely on retailers as shoppers arrive at stores.
The markets will be on a shortened schedule.
Riders will trade until 1 p.m. ET.
Holiday sales flat at $64.5 billion forced retailers to bid
Bond markets will close early at 2pm ET.
Energy and metals futures contracts on the Chicago Mercantile Exchange took an early stop at 1:45 p.m. ET.
Small Business Saturday: After Black Friday comes Small Business Saturday. It encourages holiday shoppers to sponsor small and local businesses.
A new Bankrate.com survey found that 59% of Holiday shoppers Small businesses are more likely to hit stores on Saturday, while 56% plan to make purchases on Black Friday.
Retailers will still see significant traffic both in person and online this Thanksgiving holiday just as usual, with about 80% of their Shoppers say they will shop According to the study, it’s either Friday, Saturday, or Cyber Monday.
Amazon strike: The e-commerce giant will reportedly face new struggles with labor unions this week, according to Fortune.
Its employees around the world are preparing to demonstrate against the company on one of its busiest days of the calendar year.
This action is part of a movement dubbed “Make Amazon Pay”.
It includes 80 labor unions, environmental activist groups, tax inspectors and other organizations.
Strikes and protests are expected in about 40 countries.
The coalition advocates for fair wages, the right to unionize and a commitment to true environmental sustainability.
MICROSOFT BID FOR ACTIVISION POSSIBLE BANNED BY FTC LAWSUIT: REPORT
Blizzard Activity: Shares fell 4% in extended trading Wednesday, after Politico reported that Microsoft’s bid to acquire the video game publisher could hit a major snag as early as next month.
At the center of the FTC’s concerns is whether the acquisition of Activision would give Microsoft an unfair boost in the video game market.
Losing oil week: While making gains on Friday, oil trimmed some of the week’s losses that were driven by concerns about Chinese demand and expectations of higher price ceilings planned by the Group of Seven countries on Russian oil.
US West Texas Intermediate (WTI) crude futures were trading around $78.00 a barrel.
Brent crude futures were trading around $85.00 a barrel.
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Both contracts were heading for a third straight weekly decline, on track to drop about 2% on concerns about supply easing.
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