AVN 65.45 Increased By ▲ 0.50 (0.77%)
BAFL 30.65 Decreased By ▼ -0.86 (-2.73%)
BOP 4.83 Increased By ▲ 0.04 (0.84%)
CNERGY 3.72 Decreased By ▼ -0.12 (-3.13%)
DFML 14.26 Decreased By ▼ -0.15 (-1.04%)
DGKC 41.06 Decreased By ▼ -0.54 (-1.3%)
EPCL 46.56 Decreased By ▼ -0.14 (-0.3%)
FCCL 11.35 Increased By ▲ 0.06 (0.53%)
FFL 5.03 Decreased By ▼ -0.02 (-0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 10.28 Decreased By ▼ -0.17 (-1.63%)
HUBC 67.03 Increased By ▲ 1.39 (2.12%)
HUMNL 5.68 Increased By ▲ 0.02 (0.35%)
KAPCO 27.85 Increased By ▲ 0.10 (0.36%)
KEL 2.19 Increased By ▲ 0.04 (1.86%)
LOTCHEM 24.83 Increased By ▲ 0.48 (1.97%)
MLCF 21.37 Decreased By ▼ -0.11 (-0.51%)
NETSOL 84.20 Decreased By ▼ -0.59 (-0.7%)
OGDC 85.94 Decreased By ▼ -1.31 (-1.5%)
PAEL 11.01 Increased By ▲ 0.03 (0.27%)
PIBTL 4.17 Decreased By ▼ -0.05 (-1.18%)
PPL 74.56 Decreased By ▼ -1.14 (-1.51%)
PRL 13.40 Decreased By ▼ -0.25 (-1.83%)
SILK 0.92 Increased By ▲ 0.03 (3.37%)
SNGP 40.44 Decreased By ▼ -0.89 (-2.15%)
TELE 5.86 Increased By ▲ 0.01 (0.17%)
TPLP 15.42 Decreased By ▼ -0.22 (-1.41%)
TRG 111.63 Decreased By ▼ -0.07 (-0.06%)
UNITY 13.76 Decreased By ▼ -0.22 (-1.57%)
WTL 1.14 Decreased By ▼ -0.02 (-1.72%)
BR100 4,037 Decreased By -26.9 (-0.66%)
BR30 14,412 Decreased By -56.6 (-0.39%)
KSE100 40,471 Decreased By -262.4 (-0.64%)
KSE30 15,163 Decreased By -67.2 (-0.44%)
Follow us

NEW YORK: Wall Street stocks saw a mixed opening Friday with many US offices in holiday mode after the Thanksgiving day break, while consumers headed to stores in search of bargains amid soaring inflation.

Analysts expect a quiet day of trading with markets closing around midday and all eyes are on retailers as the holiday shopping season kicks off.

About 15 minutes into trading, the Dow Jones Industrial Average was up 0.2 percent at 34,262.67.

The broad-based S&P 500 slipped 0.1 percent to 4,024.11, while the tech-rich Nasdaq Composite Index dipped 0.5 percent to 11,225.58.

With no macroeconomic data due on Friday, “everyone will be looking at good Black Friday purchases,” said Peter Cardillo of Spartan Capital Securities.

This situation could “concentrate some of today’s thin trading interest on the retail stocks,” added Patrick O’Hare of Briefing.com.

But he noted that Apple shares were a standout by falling in pre-market trading, with investors fretting over a potential hit to production after violent protests at a vast iPhone factory in China.

Apple shares were down two percent shortly after the market opened.

The protests in China came about as workers at Foxconn’s factory in the central city of Zhengzhou clashed with security guards over pay and living conditions.

US stocks open higher, extending rally

Staff had been under Covid restrictions for weeks, chafing under living conditions that some described as chaotic.

China is still observing a strict zero-Covid policy and authorities are grappling with a surge in cases.

Comments

Comments are closed.

US stocks open mixed on short trading day

At least five injured in explosion near Quetta Police Lines

Pakistan expresses unflinching support for Kashmiris on Solidarity Day

Foreign authorities seeking properties/bank accounts info: FBR won’t intimate concerned taxpayer about request

Maryam says PTI chief Imran should be thrown out of politics

Qatar sends envoy to Afghan capital to meet with Taliban

UK's shortest-serving PM Liz Truss blames economic 'orthodoxy' for downfall

Saudi non-oil private sector activity jumps in January on higher output, orders

India to ban Chinese-linked betting and loan lending apps

China's oil demand bounce may push producers to reconsider output: IEA

WB board to consider $78m ‘digital economy’ project next month