Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.» Read More
The Nasdaq got a boost from the technology sector, with Apple up 1.9 percent at $556.07, Microsoft Corp up 1.4 percent at $38.13 and Amazon Inc up 1.8 percent at $393.62. We wouldn't be shocked at all to see the small and mid-cap names lag a little bit, "said Ryan Detrick, senior technical strategist with Schaeffer's Investment Research, in Cincinnati.
Sales that began Thursday continued through Friday. Many people complained about the early start, but still they went out shopping anyway.
Stay up late or sleep in? More Black Friday shoppers abandon early morning hours in favor of sleep.
U.S. stocks on Friday tallied a third month of gains.
Some of Friday's midday movers.
Eager to entice cautious consumers, especially with six fewer shopping days this year than in 2012, many retailers offered sales on Thanksgiving, traditionally a day for family, friends and football games.
*Markets closing at 1 p.m.; volume expected to be light. NEW YORK, Nov 29- U.S. stocks rose modestly on Friday, with investors wary of making big bets in a short post-holiday session, though the S&P 500 is set for its longest weekly winning streak in 10 years.
Despite saying it would be competitive on price this holiday, analysts said Best Buy is poised to be one of the season's winners.
*Markets closing at 1 p.m., trading expected to be light. NEW YORK, Nov 29- U.S. stocks edged higher at the open on Friday, with investors reluctant to make big bets in an abbreviated session, though major indexes remained on track for their third straight month of strong gains.
Brian Nagel, Oppenheimer & Co. senior equity research analyst, discusses the catalyst for Best Buy's current stock price and whether he thinks the retailer is a strong buy now.
In the search for answers this shopping season, consumer behavior online is being tracked aggressively with help from technology.
Kmart, Old Navy and Lord& Taylor were some of the stores that opened their doors on Thursday morning, as each company did last year. Macy's Inc and a slew of other stores are opening later on Thanksgiving for the first time ever in a bare-knuckle brawl for a bigger slice of holiday sales.
Nov 28- Macy's Inc and a slew of other U.S. retailers are opening on Thanksgiving for the first time ever in a bare-knuckled brawl for a bigger slice of overall holiday sales.
Autozone Inc. rose $1.52 or. 3 percent, to $458.80. Bed Bath& Beyond Inc. fell$. 28 or. 4 percent, to $78.30. Best Buy fell$. 01 or percent, to $39.61.
*HP, Apple lead tech sector's gains. NEW YORK, Nov 27- The Nasdaq advanced on Wednesday to its highest level since September 2000 as Hewlett-Packard lifted the tech sector a day after the company's earnings. Overall trading volume was light, with many traders out for the Thanksgiving holiday.
"We look for stressed sectors toward year end," Larry McDonald says.
*Tech sector advances with rally in HP, Apple. NEW YORK, Nov 27- U.S. stocks rose on Wednesday following a batch of optimistic economic reports, while Hewlett-Packard shares rallied a day after the company's quarterly results.
The deals are aplenty after retailers ordered too much holiday merchandise back when the economy was rosier.
Think of Black Friday doorbusters as a starting point. Here's how you can save even more.
NEW YORK, Nov 27- U.S. stocks edged higher on Wednesday as a round of positive data boosted optimism about the pace of global growth and Hewlett-Packard rallied after announcing its results.