Stocks closed lower, ending four days of gains for the S&P 500 and the Dow Jones Industrial Average, while oil prices rose on hopes an agreement to cut output could be reached at an OPEC meeting in Vienna on Wednesday.
Amazon (AMZN) shares fell almost 2% as Citigroup analysts said the online retailer has had to sharply discount its prices in order to compete this holiday season. Analysts slashed their price targets on the stock.
Consumers spent $3.34 billion shopping online on Friday, a nearly 22% increase from the same day last year, according to Adobe Digital Insights.
An estimated 122 million Americans are expected to shop this Cyber Monday, the National Retail Federation reported.
H&R Block (HRB) fell 9% as BTIG downgraded the stock to sell from neutral, noting that President-elect Donald Trump's promise to simplify tax filing may be a negative for the company.
