The markets closed mixed on a shortened trading day with the Dow slipping 10 points to 16,086 as investors monitored Black Friday sales. Nasdaq gained 15 points to 4059.
On the upside
A sharp climb in the Baltic Dry index lifted shares of Frontline (NYSE: FRO), Genco Shipping (NYSE: GNK) and Nordic American Tankers (NYSE: NAT).
Shares of Aeropostale (NYSE: ARO) climbed on speculation that the teen apparel retailer would be taken private.
Bargain hunters snapped up shares of Nuverra Environmental Solutions (NYSE: NES).
On the downside
Profit taking weighed down shares of Eltek (Nasdaq: ELTK).
Capital One downgraded W&T Offshore (NYSE: WTI) from an Add rating to a Neutral rating.
Australia rejected Archer Daniels Midland's (NYSE: ADM) $3.1 billion offer to acquire GrainCorp.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 eased a point to 1805. Bitcoin fell $33.37 or 2.84% to $1,141.73.
