These 2 Retailers Are Black Friday's Stock Market Winners
The day after Thanksgiving is typically sluggish on Wall Street, as market participants either recover from their Turkey Day-induced slumbers or head out to take advantage of Black Friday sales. Yet this year is different, with the COVID-19 pandemic continuing to wreak havoc and disrupting the traditional shopping patterns of millions of Americans.
That doesn't mean you should count retail companies out, though. The best players are finding ways to capitalize on shifting consumer preferences and are thriving. Below, I'll look at two of the biggest Black Friday winners on the stock market and what they're doing right.
Stock markets were broadly higher, remaining at or near record-high levels. As of 12:15 p.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was higher by 11 points to 29,883. The S&P 500 (SNPINDEX: ^GSPC) picked up 6 points to 3,635, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) vaulted upward by 101 points to 12,195, a new record.
Source Fool.com
