US stocks go down, after Thanksgiving
The shares fell in the morning operations on Wall Street on Friday when the market receded after a week of record highs for major indexes. The trading volume was lower than usual with the markets open only half a day after the Thanksgiving holiday.
Energy opened the way when US crude oil prices fell 4. Helmerich and Payne fell 3.9.
Technological actions and medical care also helped reduce the market. Bristol-Myers Squibb fell 1.1, and Lam Research fell 1.5.
Large retailers mixed as investors watched the signs that consumers were in force to buy Christmas shopping deals on Black Friday.
Wells Fargo earned 0.6, part of a broad gain in financial sector shares as bond yields increased. Higher bond yields increase the interest rates lenders charge for mortgages and other consumer loans. The 10-year Treasury yield rose to 1.77 from 1.76 on Wednesday night.
The stock market has been recording steady gains since October, shaking fears of a recession that helped lower stocks in August.
Surprisingly good corporate profits, solid economic data and interest rate cuts by the Federal Reserve have helped set the stage for the rebound in the market recession. Investors have also become more optimistic about the prospects for a trade agreement between the United States and China.
New US tariffs are expected. UU. They apply to many products made in China as of December 15, but negotiators have said they could soon have a preliminary agreement that could avoid it.
The three main stock indexes have reached multiple records in recent weeks. That helped them close November with strong gains.
This year, retailers have less time to attract consumers because Thanksgiving fell on the fourth Thursday of November, making the holiday shopping season six days shorter.