The Week In Review


The major averages closed mixed today on this holiday shortened week as the retail sector was in focus on this Black Friday. The Dow Jones Industrial Average rose 117 points or 0.33%. The S&P 500 rose 2 points while the Nasdaq fell 15 points.  

The retail sector was mixed today as a few big cap retailers were higher including Walmart, Target, Dicks Sporting Goods and Amazon.

Tech took a breather today as Nvidia, Google, Meta, Microsoft and Apple all finished modestly lower.

For the week, the Dow gained 1.27%, while the S&P 500 advanced 1%. The Nasdaq Composite added 0.89%. It's the fourth consecutive positive week for the major averages, the longest for the S&P 500 and Nasdaq since June. The Dow is on its best run since April.

The rally this week was lent support from the Treasury market as yields hit multi month lows as inflation cools and investors hope the Federal Reserve is done raising rates. The 10-year treasury rose 6 basis points to 4.476% after touching 5% in October.

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