US stocks tread water on shortened trading day, Bitcoin soars

US stocks were mixed on Friday amid a low-volume day of trading following the Thanksgiving holiday.

By midday trading, the Dow Jones Industrial Average (^DJI) moved up about 0.2%, or more than 50 points, while the benchmark S&P 500 (^GSPC) dropped roughly 0.5%. The tech-heavy Nasdaq composite (^IXIC) lagged, falling about 0.2%.

Eyes will be on retailers as Black Friday kicks off the holiday shopping season after big box chains such as Target (TGT) and Walmart (WMT) warned that penny-pinching consumers are spending cautiously. Retailers are going earlier and longer on holiday promotions as shoppers turn picky.

Read more: 6 ways to save money on your Black Friday shopping list

Meanwhile, discord at OPEC+ kept a lid on crude prices after the group of oil-producing countries said it will hold its next meeting online. The meeting to discuss output was delayed due to a dispute between Saudi…

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