CIO predicts the winners for Black Friday
STORY: With the Thanksgiving turkey digested, shoppers were expected to turn out in record numbers to shop for Black Friday deals. However, with inclement weather, thin crowds were seen outside stores on what has historically been the busiest shopping day of the year.
U.S. retail stocks have become a barometer of consumer confidence as inflation bites. Year-to-date the S&P 500 retail index is down a little over 30%, while the S&P 500 is down 15% so far this year.
Shares of retailers Target, Macy's and Best Buy were mixed, while the S&P consumer discretionary index was slightly up.
