Here are the key events taking place on Friday which could affect trading.
BLACK FRIDAY: The shopping action will resume on Friday, with the focus mainly on retailers as shoppers hit the stores.
Markets will be on a shortened schedule.
Riders will trade until 1:00 PM ET.
$64.5B HOLIDAY SALES FORCE RETAILERS TO OFFER SALES
Bond markets will close early at 2:00 PM ET.
CME Energy and metals futures will close soon at 1:45 PM ET.
SMALL BUSINESS SATURDAY: After Black Friday comes Small Business Saturday. It encourages holiday shoppers to support brick-and-mortar businesses that are small and local.
A new survey published by Bankrate.com found that 59% of holiday shoppers are likely to hit the stores on Small Business Saturday, while 56% plan to shop on Black Friday.
Retailers will still see significant traffic both in-person and online this Thanksgiving weekend, as usual, around 80% shoppers say they will shop on Friday, Saturday or Cyber Monday, according to the study.
AMAZON STRIKE: According to Fortune, the e-commerce giant will reportedly face new battles with unions this week.
Its employees around the world are preparing to demonstrate against the company on one of its busiest days of the calendar year.
The move comes as part of a movement called “Make Amazon Pay.”
It includes 80 trade unions, environmental activist groups, tax watchdogs and other organizations.
Strikes and protests are expected to take place in around 40 countries.
The coalition demands fair wages, the right to join unions and a commitment to real environmental sustainability.
MICROSOFT’S ACTIVE OFFER LIKELY TO BE BLOCKED BY FTC LAWSUIT: REPORT
ACTIVISION BLIZZARD: Shares fell 4% in extended trading on Wednesday after a Politico report said Microsoft’s bid to acquire the video game publisher could face a major hurdle as early as next month.
At the center of the FTC’s concern is whether the Activision acquisition would give Microsoft an unfair boost in the video game market.
OIL LOSS WEEK: While oil gained on Friday, it pared some of the week’s losses, dragged down by concerns over Chinese demand and expectations of a high price cap planned by the Group of Seven (G7) nations on Russian crude.
West Texas Intermediate (WTI) crude futures were trading around $78.00 a barrel.
Brent crude futures were trading around $85.00 per barrel.
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Both contracts were headed for their third straight weekly decline, on track to drop about 2% on concerns of tight supply easing.