Stocks Ended Lower on Short Trading Day

U.S. stocks ended near the lows of the session on a shortened trading day Froday. The Dow Jones Industrial Average fell 112.59 points, or 0.40%, to 28,051.41. The S&P 500 was down 12.65 points, or 0.40%, to 3,140.98. The Nasdaq Composite lost 39.70 points, or 0.46%, to 8,665.47. Despite all three indices snapping a four-day winning streak Friday, it was a good November for stocks. The Nasdaq logged its best November since 2009, while the Dow had its best November in two years. The S&P 500 notched its best November since 2016.

Oil prices deepened losses heading toward an early Friday close as the possible approval of a production cut extension at next week’s OPEC meeting grew more doubtful. West Texas Intermediate crude futures for January delivery fell $2.54, or 4.4%, at $55.58 a barrel. January Brent crude fell $1.60, or 2.5%, at $62.46 a barrel.

Shoppers awoke from their Thanksgiving food comas ready to shop, with $600 million in Black Friday online sales tallied by 9am ET, according to Adobe Analytics (ADBE). Black Friday is on track to finish with $7.4 billion in sales. The cash registers were also ringing on Thanksgiving day, with e-commerce sales hitting $4.2 billion, a 14.5% increase from 2018 and the first time digital sales on Thanksgiving exceeded $4 billion.

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