Stock markets closed early on Friday, as the Black Friday shopping holiday continues across the US.
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
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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.
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Amazon just hit a record high on Black Friday. Amazon stock is up 55.37% so far this year.