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Macy's stock drops amid reports of Black Friday credit-card glitchExternal Link

Shares of Macy's Inc. fell 0.5% in the late session Friday amid reports it was having trouble with its credit card systems. A Macy's spokesperson told CNBC it has taken longer than usual to process some credit and gift cards, but the retailer has added salespeople to its floors to try to help the issue. Macy's customers took to Twitter to complain about the slowdown. Macy's earlier this month reported third-quarter earnings above expectations, but quarterly sales missed the mark thanks to previously announced store closures.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 24 Nov 2017 22:44:04 GMT
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Stitch Fix stock up for third straight trading day, sets new post-IPO recordExternal Link

Stitch Fix Inc. shares closed at a record high Friday, a third straight trading day of gains since the company's lackluster initial public offering last week. The company's stock closed at $18.62, up more than 7% after touching an intraday record of $19.49, besting its first trading day high of $18.53. Investors sent the stock up 6.4% Tuesday and 10% Wednesday ahead of Black Friday. Though analysts interviewed by MarketWatch said the company is worth watching, its IPO was far from a textbook success. The S&P 500 index is up 16% this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 24 Nov 2017 19:01:29 GMT
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Oil ends at more than 2-year peak on bullish bets ahead of OPEC confabExternal Link

U.S. oil prices rose on Friday, settling at a 21/2-year high, as investors focused on a disruption to a major crude-oil hub in Oklahoma and looked ahead to a key meeting of the Organization of the Petroleum Exporting Countries next week. West Texas Intermediate crude oil trading on the New York Mercantile Exchange for January delivery finished up 93 cents, or 1.6%, at $58.95 a barrel. For the week, WTI crude oil, the U.S. benchmark, closed with a weekly climb of 1.8%, according to FactSet data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 24 Nov 2017 18:37:56 GMT
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London police find no trace of gunfire in shopping districtExternal Link

Two London underground train stations reopened Friday evening after police said they didn't find evidence that shots had been fired in a busy shopping district. The Metropolitan Police shortly after 4:30 p.m. local time began responding to "numerous" reports of gunfire on Oxford Street and at the Oxford Circus Tube station. "To date police have not located any trace of any suspects, evidence of shots fired or casualties," the Met said in a statement. "Our response on #OxfordStreet has now been stood down," the police said in a follow-up statement on Twitter. The Oxford Circus and the Bond Street Tube stations are back in operation. The British Transport Police said there was one report of a woman sustaining a minor injury as she exited the Oxford Circus station.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 24 Nov 2017 18:18:05 GMT
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Amazon stock surges to another record to pace Black Friday retail sector gainsExternal Link

Shares of Amazon.com Inc. shot up 2.6% Friday, amid reports of strong growth in online holiday sales, to post their third-straight record close and 10th record since reporting blowout third-quarter results on Oct. 26. Amazon's stock was the biggest percentage gainer of the SPDR S&P Retail ETF's 87 equity components. The latest update from Adobe showed that total online spending on Thanksgiving rose 18% over last year to $2.87 billion, while Black Friday online sales had already reached $640 million by 10 a.m. ET. Separately, Amazon said Friday that it would offer those who spend $30 at a brick-and-mortar Amazon Books store a $10 discount to be used on Amazon's website. Amazon's stock has soared 22% since Oct. 26, while the retail ETF has gained 1.9% and the S&P 500 has tacked on 1.6%. During that time, Amazon's market capitalization has ballooned by $102.91 billion to $571.50 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 24 Nov 2017 18:15:00 GMT
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