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27.11.2015 19:31:12

Major Averages Close Mixed Following Abbreviated Session

(RTTNews) - With many traders enjoying an extended Thanksgiving holiday, stocks turned in a lackluster performance during trading on Friday. The Nasdaq moved modestly higher, while the Dow and the S&P 500 spent much of the day lingering near the unchanged line.

Many of the major sectors ended the day showing only modest moves, contributing to the lackluster performance by the broader markets.

Gold stocks showed a substantial move to the downside, however, with the NYSE Arca Gold Bugs Index plunging by 2.6 percent. The weakness in the sector came as gold for December delivery tumbled $13.80 to $1,056.20 an ounce.

Considerable weakness was also visible among energy stocks, which came under pressure as crude oil for January delivery slid $1.13 to $41.91 a barrel.

On the other hand, trucking, commercial real estate, and semiconductor stocks moved to the upside, offsetting the weakness in the aforementioned sectors.

The major averages eventually finished the session mixed. While the Dow slipped 14.90 points or 0.1 percent to 17,798.49, the Nasdaq crept up 11.38 points or 0.2 percent to 5,127.52 and the S&P 500 ticked up 1.24 points or 0.1 percent to 2,090.11.

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