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Stocks rise in shortened Black Friday trading session

November 23, 2012|By Andrew Tangel
  • On the floor of the New York Stock Exchange in New York.
On the floor of the New York Stock Exchange in New York. (Bebeto Matthews / Associated…)

As consumers burst through shopping center doors to snap up bargains, some retailers' stocks got a bump on Wall Street.

Stocks opened higher in a shortened trading session on Black Friday.

The Dow Jones industrial average rose 82 points, or 0.6%, to 12,919 shortly after the opening bell.

The broader Standard & Poor's 500 index gained 8 points, or 0.6%, to 1,399. The Nasdaq added 19 points, or 0.6%, to 2,945.

Electronics retailer Best Buy Co. Inc. rose 23 cents, or 2%, to $11.80 in early trading.

Department store giant Macy's Inc. gained 29 cents, or 0.7%, to $41.30. J.C. Penney Co. Inc. added 35 cents, or 2%, or $17.60.

Wal-Mart Stores Inc., which stirred controversy by opening its doors on Thanksgiving, said it served 22 million customers on the holiday. The retail giant's stock added 18 cents, or 0.3%, to $69.07 in early trading.

Online retail giant Amazon.com Inc.'s stock was sliding, however. Amazon's stock lost $1.41, or 0.6%, to $236.62 a share.

ALSO:

Black Friday: First stores open before midnight [video]

Midnight: When Black Friday really became Black Friday

Money talks on Black Friday as consumers open their wallets

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