LONDON: U.S. stocks closed mixed in light volume in a shortened post-holiday session on Friday, as Wall Street eyed retailers’ Black Friday sales results.
The Dow Jones Industrial Average inched down 14.90 points, or 0.08 percent, to 17,798.49. The S&P 500 inched up 1.24 points, or 0.06 percent, to 2,090.11. The Nasdaq Composite Index gained 11.38 points, or 0.22 percent, to 5,127.52.
According to Adobe Digital Index, consumers logged on on Thanksgiving day and spent 1.1 billion U.S. dollars between midnight and 5 p.m. ET, up a 22-percent from the same period last year.
With no major economic data due out Friday, investors were looking to next week, which will bring the key November employment data, the last jobs report for the year, before the Federal Reserve decides on interest rates at its Dec. 15-16 meeting.
Meanwhile, the European Central Bank (ECB) is scheduled to hold a meeting next Thursday, when the ECB could make a decision to further ease monetary policy.
Overseas, Chinese shares tumbled heavily on Friday, with the benchmark Shanghai Composite Index diving 5.48 percent, as news broke of investigations into major brokerage houses triggered widespread panic.
European equities ended mildly lower Friday, with British benchmark FTSE 100 Index going down 0.28 percent, as investors eyed the ECB policy meeting next week.
U.S. stock markets closed at 1:00 p.m. Friday after being closed Thursday for the Thanksgiving Day holiday.
On Wednesday, U.S. stocks finished fractionally mixed after wavering in a tight range as Wall Street digested an array of generally positive data.
For the holiday-shortened week, the Dow edged down 0.1 percent, and the S&P 500 edged up less than 0.1 percent, while the Nasdaq added 0.4 percent.
The CBOE Volatility Index, often referred to as Wall Street’s fear gauge, fell 0.46 percent to end at 15.12 Friday.
In other markets, oil prices ended sharply lower as the U.S. dollar index hit a fresh eight-month high.
