Futures higher ahead of holiday-shortened session
- No Thanksgiving hangover is being seen on Wall Street, with Dow and
S&P 500 futures up 0.2% and contracts tied to the Nasdaq up 0.4%, ahead
of a half-day trading session.
- The stock market will close at 1 p.m. ET, bond markets will close an
hour later, and metals and U.S. crude oil will settle at 12:30 p.m. and
1:30 p.m., respectively.
- The biggest shopping weekend of the year is also here, with bargain
hunters across the U.S. planning to spend the next few days searching for
discounts in stores and online despite the coronavirus pandemic.
- With rising wages and increasing consumer confidence, U.S. holiday
sales are expected to grow between 3.6% and 5.2%, compared with the 4%
growth last year, while online sales are seen rising 20% to 30%,
according
to the National Retail Federation.
- From a market perspective, history suggests this is a very good time
for retail stocks. Since 2007, the week before Black Friday to a week
after, the sector usually gains about 5%.
|Today, 4:59 AM|3 Comments
- No Thanksgiving hangover is being seen on Wall Street, with Dow and
S&P 500 futures up 0.2% and contracts tied to the Nasdaq up 0.4%, ahead
of a half-day trading session.
- The stock market will close at 1 p.m. ET, bond markets will close an
hour later, and metals and U.S. crude oil will settle at 12:30 p.m. and
1:30 p.m., respectively.
- The biggest shopping weekend of the year is also here, with bargain
hunters across the U.S. planning to spend the next few days searching for
discounts in stores and online despite the coronavirus pandemic.
- With rising wages and increasing consumer confidence, U.S. holiday
sales are expected to grow between 3.6% and 5.2%, compared with the 4%
growth last year, while online sales are seen rising 20% to 30%,
according
to the National Retail Federation.
- From a market perspective, history suggests this is a very good time
for retail stocks. Since 2007, the week before Black Friday to a week
after, the sector usually gains about 5%.
|Today, 4:59 AM|3 Comments
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