ADVERTISEMENT

BLACK FRIDAY SENDS STOCKS HIGHER: Here's what you need to know

Retail stocks are some of the biggest movers on the shortened Black Friday day of trading.

Stock markets closed early on Friday, as the Black Friday shopping holiday continues across the US.

ADVERTISEMENT

Retail stocks got a boost on Friday, with Macy's rising more than 4% as one of biggest winners. The CEO told CNBC that Macy's online business is going strong. The company, along with its retail competitors, still have a lot of work ahead this holiday season, as consumer trends have shifted online, and brick-and-mortar stores have been struggling.

Here's the scoreboard:

  • Nasdaq:
  • 2.34
ADVERTISEMENT

Black Friday is giving retail stocks a boost. Black Friday is one of the most important days for retail, with one third of annual sales occurring in the fourth quarter.

Jeff Bezos is closing in on $100 billion after a Black Friday stock surge. Retail stocks have surged after strong Black Friday sales figures, pushing Amazon stock to record highs and adding $1.7 billion to Bezos' fortune.

Ethereum soars to new all-time high above $440. The price of ether hit an all-time high of $445 Friday morning, according to data from Markets Insider.

A top hedge fund recruiter explains the 4 most misunderstood aspects of hedge funds. Ilana Weinstein is the founder of The IDW Group, which focuses on recruiting investment talent for all kinds of investment strategies.

Amazon just hit a record high on Black Friday. Amazon stock is up 55.37% so far this year.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

10 African countries that waste the most food in 2024

10 African countries that waste the most food in 2024

US troop withdrawal from Niger hangs in the balance

US troop withdrawal from Niger hangs in the balance

Detained Binance executives sue Nigerian authorities for human right violation

Detained Binance executives sue Nigerian authorities for human right violation

Nigeria's central bank increases minimum capital base for banks

Nigeria's central bank increases minimum capital base for banks

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Exploring the popularity of progressive jackpot slots in Indonesia

Exploring the popularity of progressive jackpot slots in Indonesia

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

ADVERTISEMENT