Black Friday is the last trading day of November, also a shopping day that doesn't hold the same weight.
Friday is the last trading day for the month of November. The S&P 500 has climbed more than 3% this month, on pace for the best monthly performance since June. The rising optimism around U.S.-China trade talks has fueled the market rally this quarter. Recession fears have also receded as better-than-expected economic data boosted investor sentiment.
However, risks still persist as the U.S. and China haven't announced a timeline for signing the so-called "phase one" trade deal. Time is running out as the final tranche of 15% tariffs on Chinese goods is set to kick in on Dec. 15.Major stock exchanges will close early, at 1 p.m. ET on Friday. The bond market also will close up shop early at 2 p.m. ET. Stocks, which have been hitting new records day after day recently, will seek to regain its winning ways around the holiday.
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