S&P 500 inches higher as Black Friday sales kick off [Reuters]
Target Corporation (TGT)
Last target corporation earnings: 3/3 06:30 am
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Source: Reuters
Apple slips, Foxconn China plant sees lower shipments Indexes: Dow up 0.5%, S&P inches 0.1% higher, Nasdaq off 0.3% Nov 25 (Reuters) - The benchmark S&P 500 edged higher on Friday, with focus on retailers as Black Friday sales kicked off against the backdrop of stubbornly high inflation and cooling economic growth. Shoppers were expected to turn out in record numbers to shop for Black Friday deals , but with inclement weather, thin crowds were seen outside stores on what has historically been the busiest shopping day of the year. U.S. retail stocks have become a barometer of consumer confidence as inflation bites. The S&P 500 retail index (.SPXRT) slipped 0.1% on Friday, bringing its year-to-date losses to a little over 30%, while the S&P 500 is down 15% so far this year. "We're going have a higher-than-expected Black Friday sales number. The reason why I think so is the strength of U.S. consumers is still being far too discounted with full employment and large cash savings
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News
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TGT
Earnings
- 3/5/24 - Beat
TGT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- TGT's page on the SEC website