2022-11-25 11:21:59

5 things to know before the stock market opens Friday

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CNBC
By Mike Calia

Michael Nagle | Bloomberg | Getty Images

Here are the most important news items that investors need to start their trading day:

1. Short day for stocks

We hope you had a terrific Thanksgiving. If you're scheduled to work today, please don't work too hard. U.S. stock markets are knocking off early, anyway, at 1 p.m. ET. (Bond markets close at 2 p.m.) Despite it being a short week with somewhat low trading volumes, equities are on pace to finish the frame in positive territory. The Fed minutes released Wednesday put a little extra pep in traders' steps. The central bank's policy makers indicated they are ready to slow down the pace of rate hikes given evidence of some progress in the fight against inflation. Read live market updates here.

2. Black Friday stakes

The pressure is on for retailers to pull off a strong holiday season, which kicks off in earnest with Black Friday sales. But retailers have also largely painted themselves into a corner with a steady stream of promotions and clearance sales dating back months now as they've sought to clear out excess inventory that piled up because of supply chain problems or mere changes in what customers want. The National Retail Federation said 166.3 million people are expected to shop over the weekend. That would be a record. But will they spend enough to get stores where they need to be? CNBC's Melissa Repko explains what's at stake for the retail industry in its most important time of the year.

Continue read on cnbc.com

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