The major U.S. stock exchanges will be closed today for Thanksgiving.
The New York Stock Exchange and Nasdaq market will reopen for business on Friday. However, trading will close at 1 p.m. EST.
Ready, set, shop!
Will holiday season shoppers spend more on gifts this year than in 2015?
Retailers will begin to get a feel for that on Black Friday, the traditional start to the annual holiday shopping season. All told, the National Retail Federation projects that shoppers will spend $655.8 billion in November and December. That would be a gain of 3.6 percent from a year ago.
Dine and dash
As in recent years, many retailers are hoping shoppers won’t wait until Black Friday to do some bargain-hunting.
Several big retailers are opening doors today, including J.C. Penney, Kohl’s, Best Buy, Wal-Mart Stores and Target. For shoppers who’d rather skip the crowds, J.C. Penney and Kohl’s are among the big retail chains that are also making their door-buster deals available online.