Wall St ends flat; Disney, retailers dip on sales worries

US stock indexes ended little changed in light trading on Friday, with consumer stocks falling as investors fretted over early reports on the US holiday shopping season and Disney's subscriber losses weighed on the market. US stock markets closed three hours earlier following the Thanksgiving holiday on Thursday, with many traders taking the day off. Trading volume was modest, with 2.79 billion shares changing hands on US exchanges, compared with the 7 billion average for the previous seven sessions. 

The Dow Jones industrial average fell 14.9 points, or 0.08 percent, to 17,798.49, the S&P 500 gained 1.24 points, or 0.06 percent, to 2,090.11 and the Nasdaq Composite added 11.38 points, or 0.22 percent, to 5,127.53. Seven out of 10 major S&P sectors rose slightly. The energy index fell 0.7 percent as oil prices fell. Media and retailer stocks led the consumer discretionary sector's 0.4 percent decline. Crowds were thin at US stores and shopping malls in the early hours of Black Friday and on Thanksgiving evening as shoppers responded to early holiday discounts with caution and as bad weather hurt the turnout. 

The top retail percentage decliner was Urban Outfitters with a 2.7 percent drop, followed by a 2.5 percent drop for Gap Inc Signet Jewelers, fell 1.7 percent, as did Men's Wearhouse DSW Inc, Tiffany & Co and Best Buy Co all fell more than 1 percent. Big retailers Wal-Mart, J.C. Penney and online retail giant Amazon.com fell less than 1 percent while the Dow Jones US General Retailers index fell 0.15 percent. Thanksgiving kicks off the crucial November and December shopping season, during which retailers make between 20 percent and 40 percent of annual sales. 

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