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US stocks end mixed after Thanksgiving Day

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New York: The US stocks closed mixed in light volume in a shortened post-holiday session on Friday, as Wall Street eyed retailers’ BLACK FRIDAY SALESresults.

The Dow Jones Industrial Average inched down 14.90 points, or 0. 08 percent, to 17,798.49. The S&P 500 inched up 1.24 points, or 0.06 percent, to 2,090.11. The Nasdaq Composite Index gained 11.38 points, or 0.22 percent, to 5,127.52, a news agency reported.

According to Adobe Digital Index, consumers logged on on Thanksgiving day and spent $1.1 billion between midnight and 5 p.m. ET, up a 22-percent from the same period last year.

With no major economic data due out on Friday, investors were looking to next week, which will bring the key November employment data, the last jobs report for the year, before the Federal Reserve decides on interest rates at its December 15-16 meeting.

Meanwhile, the European Central Bank (ECB) is scheduled to hold a meeting next Thursday, when the ECB could make a decision to further ease monetary policy.

Overseas, Chinese shares tumbled heavily on Friday, with the benchmark Shanghai Composite Index diving 5.48 percent, as news broke of investigations into major brokerage houses triggered widespread panic.

European equities ended mildly lower on Friday, with British benchmark FTSE 100 Index going down 0.28 percent, as investors eyed the ECB policy meeting next week.

The US STOCK MARKETS closed at 1.00 p.m. on Friday after being closed on Thursday for the Thanksgiving Day holiday.

On Wednesday, the US stocks finished fractionally mixed after wavering in a tight range as Wall Street digested an array of generally positive data.

For the holiday-shortened week, the Dow edged down 0.1 percent, and the S&P 500 edged up less than 0.1 percent, while the Nasdaq added 0.4 percent.

The CBOE Volatility Index, often referred to as Wall Street’s fear gauge, fell 0.46 percent to end at 15.12 on Friday.

In other markets, OIL PRICES ended sharply lower as the U.S. dollar index hit a fresh eight-month high.

The West Texas Intermediate for January delivery tumbled $1.33 to settle at $41.71 a barrel on the NEW YORK MERCANTILE Exchange, while Brent crude for January delivery decreased $0.60 to close at $44.86 a barrel on the London ICE Futures Exchange.

The US dollar increased as the Federal Reserve was on track for an interest-rate hike this year while its European counterparts were expected to unleash further stimulus.

In late New York trading, the euro fell to $1.0597 from $1.0617 in the previous session, while the dollar bought 122.85 Japanese yen, higher than 122.72 yen of the previous session.

Gold futures on the COMEX division of the NEW YORK MERCANTILE Exchange fell as a stronger US dollar put pressure on the precious metal.

The most active gold contract for February delivery lost $13.5, or 1.26 percent, to settle at $1,056.2 per ounce.

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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