U.S. stock futures were lower Friday, a day after Thanksgiving holiday. Trading session will be short today as stock markets close at 1:00 p.m. EST. On a day known as Black Friday, where the holiday shopping season "officially" begins (as retailers move out of the "red," or losses, and into the black, meaning profits), many will focus on the retail sector.Overseas, Asian markets finished the session higher mostly. Indian shares rallied as trading resumed following the terrorist attacks in Mumbai that left 143 people dead. European shares were lower in morning trading. In Europe, stocks traded moderately lower as Europe's inflation rate fell by 2.1%, the most in almost two decades, and unemployment increased.
Meanwhile, oil prices fell below $54 a barrel Friday due to gloomy outlook for global crude demand that overshadowed expected OPEC production cut.
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