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Retail stocks might also be in focus today, Cyber Monday. Website data trackers expect biggest online sales day in history with a $6.6 billion forecast
Shoppers take their marks on Black Friday as they scurry to big retailers looking for bargains. Stock indices moved higher in pre-market trading.
The market barrels toward Thanksgiving and Black Friday with all the major indices at new highs and still charging along early Wednesday in pre-market trading action.
Holiday weeks tend to produce low trading volumes, which could be volatile. It’s worth keeping an eye on trading patterns throughout the day.
Thanksgiving week dawns with a light economic calendar. Excitement might tick up on Black Friday when holiday shoppers hit the malls or go online.
The market is still buzzing over a stronger-than-expected earnings from big and small retailers alike that brought hope for a solid holiday season.
Earnings might come to the rescue Thursday as two key companies outpaced Wall Street’s expectations and sent stock futures indices higher before the opening bell.
The market looked weak to start the day amid headwinds from Europe and Asia, concerns about the tax debate in Washington, and a crumbling oil market.
Three major benchmarks move in tight trading range as Congress debates tax bill and economy's October results dribble in
Earnings took a trip to the mall last week with department store results, but attention now zeros in on big-box retailers. Tax policy also is likely to be a factor in days ahead.
The Senate's tax reform bill differs from some key points of the House's version. Remember these are negotiable ahead of a final framework that goes for a vote.
The menu this morning features two specials: department store earnings and tax policy. Both items seem to be pulling down stocks in pre-market trading.
Tax reform is back in view and might weigh on stocks, while surging oil retreated. Additionally, President Trump visited China, so trade could be a conversation topic.
After months of shying from the headlines, crude oil pushed through the noise Monday and stole some thunder from earnings season.
It seems hard to believe, but a quieter week might be on tap. Earnings season is about 75% complete and the Fed meeting is over. Economic data are rather light.
The U.S. jobs market kicked back into gear with 261,000 new positions. The headline number was strong but missed some of the more bullish Street estimates.