Trading action on Black Friday and Small Business Saturday

49
2
Trading action on Black Friday and Small Business Saturday

Here are the events that take place on Friday.

BLACK FRIDAY: Trading action resumes on Friday, where the focus will be on retailers as shoppers hit the stores.

Markets will be on an abbreviated schedule.

Bond markets will close early at 2 p.m. CME Energy and metals futures will stop at 1 : 45 p.m. Small Business Saturday comes after Black Friday. It encourages holiday shoppers to patronize brick and mortar businesses that are small and local.

According to a survey released by Bankrate.com, 59% of people are likely to hit Small Business stores on Saturday, while 56% plan to make purchases on Black Friday.

The study found that 80% of shoppers will shop on Friday, Saturday or Cyber Monday, and will see significant traffic both online and in person this Thanksgiving weekend.

AMAZON STRIKE: The ecommerce giant is expected to face new struggles with labor unions this week, according to Fortune.

On one of the busiest days in the calendar year, staff from all over the world gear up to demonstrate against the company.

The action is part of a movement called Make Amazon Pay. It involves 80 trade unions, environmental activism groups, tax watchdogs, and other organizations.

Around 40 countries are expected to hold protests and protests.

ACTIVISION BLIZZARD: Shares fell by 4% in extended trading on Wednesday after Politico reported that Microsoft's bid to acquire the video game publisher could face a major roadblock as early as next month.

At the center of the FTC's concerns is whether acquiring Activision would give Microsoft an unfair boost in the video game market.

OIL': While gaining on Friday, oil cut some of the week's losses which have been caused by concerns about Chinese demand and expectations for a high price cap planned by the Group of Seven G 7 nations on Russian oil.

U.S. West Texas Intermediate WTI crude futures traded around $78.00 a barrel.

The price of crude futures was around $85.00 a barrel.

Both contracts were headed for their third consecutive week decline, falling about 2% due to worries about tight supply easing.