logo-loader

Wall Street ends mixed in shortened session

Last updated: 14:30 27 Nov 2015 EST, First published: 09:16 27 Nov 2015 EST

Wall Street wavers in shortened post-Thanksgiving session

U.S. stocks closed mixed in thin volume on Friday, weighed down by falling oil prices and a drop in Disney.

The market closed at 1 p.m. on Friday in a shortened post-Thanksgiving holiday session.

The Dow Jones (INDEXDJX:.DJI) fell 0.1% at 17,798.49. The S&P 500 (INDEXSP:.INX) inched up 0.1% at 2,090.11. The Nasdaq Composite (INDEXNASDAQ:.IXIC) gained 0.2% to 5,127.52.

MARKET OPEN

Wall Street struggled for a direction in a shortened post-Thankgiving session, weighed by falling oil prices and a drop in Walt Disney shares.

At 11:09 a.m. in New York, the Dow Jones Industrial (INDEXDJX:.DJI) skidded 0.1% to 17,804.81. The S&P 500 (INDEXSP:.INX), on the other hand, added 0.1% to 2,091.09. The Nasdaq Composite (INDEXNASDAQ:.IXIC) gained 0.2% to 5,125.71.

Walt Disney (NYSE:DIS) declined fell 2.2% after the media giant said in a regulatory filing that its ESPN sports network lost 3 million subscribers within one year.

Oil futures fell 2%, pressured by strong dollar and worries over excessive global supply.

The New York Stock Exchange and the Nasdaq will close at 1 p.m.

BLACK FRIDAY

The Dow Jones is poised to start lower on a truncated trading day in New York on Friday as shoppers are making the most of 'Black Friday' bargains.

Markets were closed yesterday for Thanksgiving and are set to closer today earlier -  at 1 pm.

Since 1992, stock exchanges on the day after Thanksgiving in the US have closed early and there tends to be muted trading atmosphere on the day.

On Wednesday, the Dow Jones closed down around one point and is set to open 43 points lower today, while the S&P500 added 13 on Wednesday and futures trading points to it opening around flat.

The tech heavy Nasdaq index is poised to open 13 points to the good, having closed around 10 points higher on Wednesday.

Reports suggest US shoppers are spending hard on the internet and in brick-and-mortar stores and internet sales are beating records, according to stats.

The oil price continues to be under pressure and was 2.16% lower at the time of writing, at USD$42.11  a barrel as OPEC, the producing cartel, meets next week and is unlikely to ease production.

BenevolentAI advances novel ulcerative colitis treatment through Phase 1a trial

BenevolentAI (OTC:BAIVF) chief scientific officer Dr Anne Phelan joins Proactive's Stephen Gunnion with positive safety data from the Phase 1a, first-in-human, clinical study of BEN-8744 in healthy volunteers. Phelan explained that BEN-8744 is a potent, selective PD10 inhibitor, uniquely...

30 minutes ago