Wall Street opens mixed after Thanksgiving holiday

Friday, 25. November 2022 15:31

Wall Street stock exchanges opened the shortened trading session on Friday mixed after Thanksgiving kept the markets closed for the day in the United States. Market participants kept an eye on Black Friday sales as the country's high inflation rate and prospects of economic slowdown weighed on the markets.

Equities slipped below the flatline given the raging number of coronavirus-positive cases in China, with the country recording the first deaths caused by the pandemic. The reports that Microsoft's proposed $69 billion acquisition of Activision Blizzard may be blocked by the US Federal Trade Commission appear to have fanned the negative sentiment in the markets.

The Dow Jones Industrial Average rose 0.15% with the UnitedHealth Group Inc. gaining 1.23%. The Nasdaq 100 dropped 0.49% as JD.com and Activision Blizzard plunged 4.85% and 3.66% respectively. The S&P 500 was flat.

The euro lost 0.47% against the American currency, to change hands to $1.03698 at 9:32 am ET.

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Author:
Baha Breaking News (BBN) / AB