Knight Capital shot higher after news that trading firms Getco and Virtu are pursuing purchase of the entire company. While exact financial terms of the deal is unclear, sources told CNBC that the price for Knight Capital will likely range between $600 million and $700 million.
Europe shares closed lower, dragged by financials, head of a meeting of Greece's lenders to decide when it will receive its next tranche of emergency funds.
Euro zone finance ministers, the ECB and the IMF plan are meeting in Brussels to finalize the second bailout package for Greece worth 31.2 billion euros ($40 billion).
Apple rose after Citigroup initiated coverage of the tech giant with a "buy" rating and a $675 price target. Separately, the iPhone maker said it is adding new Samsung devices to its patent-infringement lawsuit.
Facebook jumped after Bernstein upgraded the social-networking giant to "outperform" from "market perform" and raised its price target to $33 from $23. Despite the stock's 40 percent spike in the last three months, the company is still trading well below its IPO price of $38 a share.
Yahoo gained after Goldman Sachs added the Internet company to its "conviction buy list" and upped its price target to $24 from $22.
And Research In Motion was upgraded to "sector outperformer" from "sector underperformer" at CIBC World Markets. The brokerage also lifted its price target on the struggling BlackBerry maker to $17 from $8.
Google edged lower after the CEO of ICOA claimed that the press release announcing the search-engine giant has acquired the small tech company for $400 million was a "hoax," adding his firm has never been in acquisition talks.
A survey by the National Retail Federation showed a record 247 million shoppers visited stores nd websites over the Black Friday weekend, up from 226 million last year. U.S. retail sales jumped an estimated 12.8 percent on the previous year over the four-day holiday weekend, according to the organization.
Amazon.com, Best Buy and Ebay traded higher.
Meanwhile, Wal-Mart said it had its "best ever" Black Friday events, selling 1.8 million towels, 1.3 million televisions, 1.3 million dolls and 250,000 bicycles.
McGraw-Hill ended higher after the publishing company announced it will sell its education business to Apollo Global Management in a deal worth $2.5 billion.
—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
Coming Up This Week:
TUESDAY: Durable goods orders, S&P Case-Shiller home price index, consumer confidence, FHFA home price index, Richmond Fed mfg index, 2-yr note auction; Earnings Green Mountain
WEDNESDAY: Weekly mortgage apps, new home sales, oil inventories, 5-yr note auction, Fed's Beige Book, Microsoft shareholders mtg; Earnings from Ann, Express, Aeropostale, La-Z-Boy, TiVo
THURSDAY: GDP, jobless claims, corporate profits, pending home sales, 7-yr note auction, chain-store sales; Earnings from Kroger, Tiffany, Barnes & Noble
FRIDAY: Personal income & outlays, Chicago PMI, farm prices
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