Stock Market Today: Dow Slips to Start the Week; Shopify Stock Gains - The Wall Street Journal

LIVE UPDATES

Stock Market Today: Indexes Waver in Monday Trading; Black Friday Bonanza Boosts Shopify

Major benchmarks are on track to record strong monthly gains

Last Updated: 

Nov. 27, 2023 at 12:01 PM EST

U.S. stocks were mixed in Monday trading following four consecutive weeks of gains.

Stocks are looking to sustain their November rally. The S&P 500 is up more than 8% this month and the three major U.S. stock indexes are on track for their strongest monthly performances in more than a year.

The market is getting back into gear after the Thanksgiving holiday and a shortened Black Friday session.

In early afternoon action:

U.S. stocks wobbled. The S&P 500, Dow industrials and tech-focused Nasdaq Composite were all making small moves. The Dow was down less than 100 points.

Early signs pointed to a strong Black Friday for retailers. Investors pushed up Shopify stock. Amazon rose more than 1%, with the stock on pace for its highest close of the year.

Home sales declined more than expected. U.S. new-home sales fell 5.6% to a seasonally-adjusted rate of 679,000 in October, the government reported Monday, a bigger drop than economists surveyed by the Journal had projected.

Treasury yields ebbed. The benchmark 10-year yield dipped slightly after ending last week at 4.483%.

Oil prices edged lower. Front-month Brent futures traded at slightly over $80 a barrel. Investors remained wary about the coming OPEC cartel meeting.

Coming up:

Earnings season is wrapping up. The cybersecurity firm Zscaler is due to report Monday, followed by Hewlett Packard Enterprise on Tuesday, and Salesforce and Foot Locker on Wednesday.

This week’s data highlight is the Fed’s favorite measure of inflation, the personal-consumption expenditures price index, or PCE, which is due Thursday.

—By Anna Hirtenstein and Hannah Miao

Our Sunday podcast, WSJ's Take On the Week, can help you prepare for what's ahead. Plus, get smarter about markets with our free weekday morning and evening newsletters.

WSJ Dollar Index

XX:BUXX (WSJ Index)

U.S. 10 Yr

BX:TMUBMUSD10Y (XTUP)

Brent Crude

BRN00 (IFEU)

S&P 500

SPX (S&P US)

DJIA

DJIA (Dow Jones Global)

Nasdaq

COMP (Nasdaq)

Shopify Inc. Cl A

SHOP (U.S.: NYSE)

Adblock test (Why?)



from "market" - Google News https://ift.tt/1ojeJBN
via IFTTT

Comments

Post a Comment

Popular posts from this blog

After street vendor crackdown, Corona Plaza market is a changed place - Gothamist

Image
The stretch of pavement in Queens where Liliana Sanchez used to sell aguas frescas has been empty since city sanitation police forced her to pack up her pop-up tent canopy. Her 16-year-old daughter now spends school nights and weekends busing tables to help pay rent. Across the street from Corona Plaza, sales at Alondra Cardoso’s hair salon have dipped 30%, or some $200 to $300 dollars a week, since the clientele from the former street vendor market no longer venture into her shop. Delivery worker Jorge Marin, 35, now orders breakfast from a bakery at a nearby intersection. He used to load up on tamales and yogurt and steaming cups of champurrado at the market, which expanded during the height of the pandemic. Now, at the bakery, he said he spends more for less. “It’s been dead,” Queens Borough President Donovan Richards said of the plaza since the vendors’ departure. “It’s taken the life out of the community.” The scene on a recent day in Corona Plaza, Queens, where a crack
Read more

Consumer Price Inflation, by Type of Good or Service (2000-2022) - Visual Capitalist

Image
Published 1 day ago on February 22, 2023 Consumer Price Inflation, by Type of Good or Service (2000-2022) The Consumer Price Index (CPI) provides a steady indication of how inflation is affecting the economy. This big picture number is useful for policymakers and professionals in the financial sector, but most people experience inflation at the cash register or checkout screen. Since the start of the 21st century, U.S. consumers have seen a divergence of price movements across various categories. Nowhere is this better illustrated than on this chart concept thought up by AEI’s Mark J. Perry . It’s sometimes referred to as the “chart of the century” because it provides such a clear and impactful jump-off point to discuss a number of economic forces. The punchline is that many consumer goods—particularly those that were easily outsourced—saw price drops, while key “non-tradable” categories saw massive increases. We’ll look at both situations in more detail below. Race
Read more