Stocks Opened Mixed After OPEC Decision

U.S.stocks opened mixed on Friday after the Organization of the Petroleum Exporting Countries decided to maintain its oil production target. The Dow Jones Industrial Average lately gained 39.79 points, or 0.22%, to 17,867.54. The S&P 500 was down 1.93 points, or 0.09%, to 2,070.90. The Nasdaq Composite rose 7.31 points, or 0.15%, to 4,794.63.

OPEC members agreed on Thursday to stick to the oil-producer group’s existing output target — a move that would require modest cuts in production but which stops well short of the stronger action some members had called for to bolster prices.

Wal-Mart Stores Inc. (WMT) said Thanksgiving Day delivered the second-highest online sales day ever, topped only by Cyber Monday last year.

GERMAN consumer prices rose at the slowest annual pace in almost five years this month, while prices fell in Spain and Belgium, fuelling expectations that the European Central Bank will soon conclude that more aggressive stimulus measures are needed.