Stocks are ready to celebrate Black Friday.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
Stocks are ready to celebrate Black Friday.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Will Stocks break another record?
1. Will Stocks break another record?
The U.S. market are in the still in the midst of a major bull market rally.
And stocks look set to continue their red-hot run on Black Friday as U.S. stock futures are pushing up.
If they hold onto their gains when the markets open, we will see fresh record highs from the Dow Jones industrial average and S&P 500.
On Wednesday, the Dow and S&P 500 closed at their highest levels ever. Markets were closed on Thursday for Thanksgiving.
U.S. markets will close early on Friday because of the holiday. Trading stops at 18:00GMT.
2. Global stock market overview
2. Global stock market overview
European markets are mixed in early trading.
Asian markets ended the week with decent gains.
3. Oil prices slipping
3. Oil prices slipping
Crude oil futures are sliding a bit Friday, down roughly 1% to trade around $47.50 per barrel.
Traders are looking ahead to a major OPEC meeting next Wednesday when some of the largest oil-producing nations will try to formalize an agreement to cut production from record high levels.
Getting all major players to agree on a plan has been difficult in the past.
A significant cut in production should help taper supply and boost prices.
4. U.K. GDP latest update
4. U.K. GDP latest update
New official data confirm the U.K. economy grew 2.3% in the third quarter, despite forecasts that it would slump after the Brexit vote.
The data matched an earlier, preliminary GDP report.
The GBP is currently trading around $1.25. That's down 17% since the Brexit referendum in June.