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Friday Afternoon Business Brief

November 23, 2012, 2:00 PM

Friday Afternoon Business Brief

Trading finished early on Wall Street today, but Black Friday appeared to put investors in a buying mood. The Dow shot up 173 points to 13,010. That's the first close above 13,000 for the Dow since Election Day. The S&P rose 18 points to 1,409 and the Nasdaq climbed 40 to 2,966.

  • It's looking like Black Friday could soon be a thing of the past, replaced by the new sales thrills of Thanksgiving. All signs point to retailers' Thanksgiving openings being a success. One early shopper says she passed on the opening crush, and found early morning lines much easier to deal with, explaining: "This year I wasn't about to kill people."
  • Black Friday horror stories seem to be in shorter supply this year, but there are a couple. Police say a Massachusetts man abandoned his girlfriend's 2-year-old son while he went shopping for Black Friday bargains. He managed to buy a sale-priced 51-inch flat screen TV, but left the toddler in the Kmart parking lot.
  • The Army Corps of Engineers has begun reducing the flow from a Missouri River reservoir. The move is expected to worsen low water conditions on the Mississippi River and could halt barge traffic at St. Louis within weeks. The Corps says drought on the upper Missouri River makes the reduced downstream flow necessary.
  • A European Union summit charged with agreeing on a long-term budget for the 27-nation bloc has broken up without a deal. The dispute is focused on the extent to which the EU will continue to fund programs aimed at supporting farmers and spurring growth in Europe's less developed countries.

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