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Markets close mixed, Chinese markets suffer under lockdown concerns

Yahoo Finance's Jared Blikre breaks down how markets closed following a holiday-shortened session Friday.

Video transcript


RACHELLE AKUFFO: Welcome back to Yahoo Finance as we count you down to an early close of equity markets on this Black Friday. So are we ending on a high? Well, Yahoo Finance's Jared Blikre is standing by at the YFi Interactive. So, Jared, how's it looking?

JARED BLIKRE: Well, a mixed board for today, but up days on the week-- or up week, I should say, overall. The Dow is up about 4/10 of a percent, for the entire week about 1 and 3/4 of a percent. The NASDAQ, though, which is flagging today, that's down half a percent, but for the week still up about 73 basis points. That's about 3/4 of 1%. S&P 500 pretty similar situation.

And want to draw attention to the sector action for today, relatively benign, not a lot of movement, as you might expect. Real estate in the forefront. That's up half a percent, followed by health care, utilities, industrials, financials, and consumer discretionary. All of those in the green. Tech taking it to the downside, along with communication services. The mega-caps flagging a little bit today.

And let's take a look at the NASDAQ 100, where you can see, indeed, entire left-hand side of the board, that is red, a little bit of green here. But want to focus on some of the weaker names, which are China, Chinese stocks really taking a dive here as COVID wreaks additional havoc on the Chinese economy and lockdowns, additional lockdowns over there. Alibaba down 3%.