It’s Black Friday: Market Happenings For Friday, November 23, 2012

Premarket, futures are up for this shortened, holiday week session. Gainers this morning include STJ (+7.65%), A, BBY, TWX and AN while losers include CRM (-5.47%), ADI, HRL, CLF and X.

The Market

European finance ministers failed to finalize the details of a debt-reduction package for Greece before the close of their meeting Wednesday. The officials had been expected to agree to release the funds for Greece so it would be able to make payments due in December. Now, they are hoping for some action on Monday.

Wal-Mart said they had the best Black Friday ever (and it’s not over yet), so retailers will probably be up today.

Hostess Brands received approval from a bankruptcy judge Wednesday to shut down and begin selling off its assets.

This morning for Dow stocks we only have Intel (INTC) at a 52 week low and no 52 week highs.

Earnings Reports

Earnings reports (estimates): SFL-Ship Finance ($0.32).

Financial Calendar

0830 ET USDA weekly Export Sales report.

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