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Analysts: Thanksgiving shopping could take bite out of Black Friday

NEW YORK (AP) - U.S. stock futures are heading higher with all eyes on retailers who are hoping that a deluge of customers this Black Friday breaks open what has been a rather lackluster year.

Retailers like Macy's and Wal-Mart are reporting a lot of traffic and long lines formed outside of some electronics retailers like GameStop, with new gaming consoles hitting store shelves.

It's still too early to say how much Americans are spending, however, and major retailers have been cutting their outlooks for the year with Americans holding onto their cash.

Markets close Friday at 1 p.m. Eastern time.

Some stores opened early today, as shoppers across the nation grab any deals they can find on Black Friday.

But some shoppers got an even earlier start - earlier as in yesterday. Some stores opened not too long after the Thanksgiving Day meal, and many of them stayed open all night.

At 5 o'clock this morning, Rosanne Scrom was leaving a Target store in Clifton Park, N.Y. She said, "We like to shop this time of night ... We're having a ball."


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