SummarySummary Companies Retailers in focus as Black Friday sales startActivision down on likely FTC lawsuit to block Microsoft dealApple slips, Foxconn China plant sees lower shipmentsIndexes: Dow up 0.5%, S&P inches 0.1% higher, Nasdaq off 0.3%Nov 25 (Reuters) - The benchmark S&P 500 edged higher on Friday, with focus on retailers as Black Friday sales kicked off against the backdrop of stubbornly high inflation and cooling economic growth.
The S&P 500 retail index (.SPXRT) slipped 0.1% on Friday, bringing its year-to-date losses to a little over 30%, while the S&P 500 is down 15% so far this year.
"We're going have a higher-than-expected Black Friday sales number.
The S&P 500 (.SPX) rose 3.41 points, or 0.08%, at 4,030.67, while the Nasdaq Composite (.IXIC) slipped 36.70 points, or 0.33%, at 11,248.61.
The S&P index recorded 16 new 52-week highs and no new low, while the Nasdaq recorded 39 new highs and 42 new lows.