Best month since June | But is Buffett buying? | Black Friday results

It's a bountiful Thanksgiving with major indexes hitting new records on Wednesday.

VIEW IN BROWSER | SUBSCRIBE FRI, NOV 29, 2019 EVENING BRIEF AS OF FRI, NOV 29, 2019 • 01:00 ET DJIA 28061.91 -0.36% -102.09 S&P 500 3141.73 -0.38% -11.90 NASDAQ 8665.47 -0.46% -39.70   Most Active DOW NAME LAST CHG %CHG MSFT 151.38 -0.94 -0.62% AAPL 267.25 -0.59 -0.22% CSCO 45.31 +0.07 +0.15% S&P 500 NAME LAST CHG %CHG GE 11.29 UNCH UNCH AMD 39.15 -0.26 -0.66% BAC 33.34 -0.08 -0.24% NASDAQ NAME LAST CHG %CHG AMD 39.15 -0.26 -0.66% MSFT 151.38 -0.94 -0.62% AAPL 267.25 -0.59 -0.22% EDITOR'S NOTE Does Warren Buffett know something the average investor does not? Usually. Buffett has been outbid on a deal to acquire a hot tech company, possibly signaling its price was getting too rich. CNBC's Yun Li writes that it could also be a sign the market overall is overpriced. The S&P 500 is up more than 25% this year, sending its forward price-to-earnings ratio to levels not seen since last December, when the market took a frightening nose dive.    "Prices are sky-high for businesses possessing decent long-term prospects," Buffett said in his most recent annual letter.   We could be nearing a time for the market to take a breather, though many market observers remain bullish because, aside from last year, December is typically one of the best months for stocks.   Stocks were down, however, in Friday's trading. It was a shortened session, ending at 1 p.m. ET for the stock market and 2 p.m. for bond trading, heading into the rest of the holiday weekend.   It's been a great November though with the S&P 500 up the most since June. See you in December.      Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Stocks fall but S&P 500 posts the best month since June Black Friday online sales up 19% by mid-morning. Shoppers spent record amount online Thanksgiving Day Warren Buffett's latest attempt to put his cash to work is thwarted Warren Buffett sitting on $128 billion raises questions about whether this market is overvalued Restaurants don't get the Black Friday boost you might expect. Here's why Manufacturing data, online retail sales, December trading begins: 3 things to watch for Monday Oil drops more than 3%, cutting gains for the month UK police shoot man dead after terrorist attack at London Bridge China threatens to take 'strong counter-measures' against US after Hong Kong bill signings Christmas tree prices rise as drought and fire hit crops and farms close     TOP VIDEO Tariffs haven't really affected retailers at all: Former Toys 'R' Us CEO   CNBC PRO Under Armour is 'underrated underdog,' Raymond James says   SPECIAL REPORTS The best apps to use on Black Friday The '90s revival is dead for retail, leaving some stock winners and losers: Jefferies   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS