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U.S. Stocks Face Shortened Trading Day Amid Holiday Selling

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STOCKS,TRADING,THANKSGIVING

U.S. stocks will have a shortened trading day on Friday following Thanksgiving, with equities declining as investors reduce tech holdings. Markets, however, remain near all-time highs. Recent data suggests the Federal Reserve might gradually lower interest rates if inflation continues to ease. Retailers are gearing up for Black Friday, with mixed expectations for holiday season performance.

U.S. stocks will have a shortened trading day Friday after the market was closed Thursday for Thanksgiving. Equities fell entering the holiday, as some investors appeared to trim their stakes in major tech names. Still, both theare hovering shy of all-time highs. Wednesday offered some fresh clues about the policy path ahead for the Federal Reserve, as year-over-year inflation of 2.

Voters who backed President-elect Donald Trump appear to have a better outlook for the economy than those who supported Vice President Kamala Harris, which could influence how much each group spends. Shipping data in the two weeks after the election also indicate red-state shoppers may have been opening their wallets more after Trump's win.during the period, below expectations and the slowest in nearly two years.

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