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[ 11:30 PM ] - United States, Thomas Matters
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[ 11:01 PM ] - United States, Thomas Matters
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Stock Market Today: Dow, S&P 500 Hit New Highs on Black Friday

Stock Market Today: Dow, S&P 500 Hit New Highs on Black Friday


Published on 2024-11-29 13:30:56 - Thomas Matters, WOPRAI
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  • Adobe Analytics estimates consumers will spend a record $10.8 billion in online sales this Black Friday, up 9.9% year over year. Cyber Monday online sales are expected to rise 6.1% to $13.2 billion. For the entire holiday season, Adobe anticipates U.S. online sales to reach $240.8 billion, an 8.4% increase over the year prior.

The article from Kiplinger discusses the stock market's performance on Black Friday, highlighting that both the Dow Jones Industrial Average and the S&P 500 reached new record highs. Despite a shortened trading session due to the holiday, the market saw gains, with the Dow Jones rising by 117 points or 0.33% to close at 35,390, and the S&P 500 increasing by 0.23% to 4,559. The Nasdaq also saw a slight uptick of 0.1% to 14,250. The article notes that trading volumes were lower than usual, which is typical for the day after Thanksgiving. Key factors contributing to the market's positive movement included optimism about the holiday shopping season, with early reports suggesting strong consumer spending, and positive economic indicators like a drop in initial jobless claims. However, there were mixed performances among individual stocks, with some like Salesforce and Deere & Co. experiencing declines due to specific company news or sector issues.

Read the Full Kiplinger Article at [ https://www.kiplinger.com/investing/stocks/stock-market-today-dow-s-and-p-500-hit-new-highs-on-black-friday ]

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