US Stock Futures Rise as Holiday Shopping Kicks Off

Yahoo Finance
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On the latest episode of Yahoo Finance's Morning Brief, hosts Julie Hyman and Brian Sazi outlined significant trends in the financial market as the holiday shopping season kicks off. With US stock futures in positive territory on the last trading day of November, experts analyze the festive retail landscape while also assessing how the holiday shopping season is shaping up amid economic changes. The S&P 500 is showing gains above 20% this year, marking one of its best performances post-election. Meanwhile, the Bitcoin ETF is witnessing record inflows, with the cryptocurrency nearing the $100,000 mark, making waves in the investment community. Despite an anticipated high consumer spending of $980 billion this holiday season, factors like inflation and cautious spending behaviors are causing retailers to adjust their strategies. The promise of steep discounts has shopping in physical stores making a comeback, while e-commerce sales continue to thrive. As holiday discounts dominate the market, the dialogue surrounding potential tariffs and their effects on the economy remains critical. Viewers are encouraged to stay updated on these dynamic shifts in the economy and market.
Highlights
  • • US Stock Futures show a positive trend on November's last trading day.
  • • The S&P 500 is poised for its best month since February, gaining over 20%.
  • • Bitcoin ETFs experience record inflows, nearing $100,000.
  • • Consumers spent a record $6.1 billion online on Thanksgiving.
  • • The National Retail Federation estimates $980 billion in holiday spending.
  • • Retailers race to offer discounts in a shortened holiday shopping window.
  • • Caution in consumer spending continues to influence retail strategies.
  • • Online shopping remains popular, with apps facilitating significant spending.
  • • Experts predict a challenging retail season amidst inflation and economic changes.
  • • Investors watch closely for data tracking consumer spending during the holidays.
* dvch2000 helped DAVEN to generate this content on 11/30/2024 .

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