Saturday, 28 November 2015

Wall St ends flat; Disney, retailers dip on sales worries

Wall St ends flat; Disney, retailers dip on sales worriesUS stock indexes ended little changed in light trading on Friday, with consumer stocks falling as investors fretted over early reports on the US holiday shopping season and Disney's subscriber losses weighed on the market. 

US stock markets closed three hours earlier following the Thanksgiving holiday on Thursday, with many traders taking the day off. Trading volume was modest, with 2.79 billion shares changing hands on US exchanges, compared with the 7 billion average for the previous seven sessions. "We're going to get today over with and hit the ground running next week," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. 

Battle expects a busy start to next week as investors prepare for a December 4 non-farm payrolls report that may bring volatility ahead of a widely expected decision by the US Federal Reserve to raise interest rates at its mid-December meeting.

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