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Blue chips rise
Dow 30 gains, while Nasdaq drifts in holiday-shortened session. "Black Friday" in focus.
November 25, 2005: 9:47 AM EST

NEW YORK ( - Blue chips gained and the broader market was mixed Friday, in an abbreviated trading session following the Thanksgiving holiday.

The Dow Jones industrial average (up 44.66 to 10,916.09, Charts) and the broader S&P 500 (up 2.63 to 1,268.24, Charts) index added a few points in the early going. The Nasdaq composite (up 3.52 to 2,263.50, Charts) was little changed.

All financial markets were closed Thursday for the Thanksgiving holiday. Stock markets close at 1:00 p.m. ET today and the Treasury bond market closes at 2:00 p.m. ET. U.S. commodities markets are closed Friday.

Retailers were bound to be in focus during the session as investors kept an eye on reports about "Black Friday." Early reads suggested a strong start to the symbolic start of the holiday-shopping period. (Full Story.)

Stocks rose Wednesday as an extension of a more than month long rally. Currently, the S&P 500 and the Nasdaq stand at 4-1/2 year highs. The Dow is hovering near 4-1/2 year highs.

Treasury prices jumped, lowering the yield on the 10-year note to about 4.44 percent from 4.48 percent late Wednesday. Treasury prices and yields move in opposite directions.

The dollar gained versus the euro and the yen.

In global trade, major Asian markets mostly ended higher, while European markets rose at midday.  Top of page

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