Muted Black Friday for U.S. retail stocks as holiday shopping kicks off
Written by Black Hot Fire Network on November 27, 2022
NEW YORK, Nov 25 (Reuters) - U.S. retail stocks held steady on Friday as investors watched holiday spending to gauge consumer confidence at a time when inflation and rising interest rates are weighing heavily on Main Street.
Consumer discretionary stocks, measured by the S&P 500 Consumer Discretionary sector which benefits from spending on retail, restaurants and vacations, edged up . . .