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Mon, Nov 30th, 2020
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U.S. Stocks Settle Higher on Rally in Tech Stocks and Retail Stocks on Black-Friday Optimism


The S&P 500 Index ($SPX) on Friday closed up +0.24%, the Dow Jones Industrials Index ($DOWI) closed up +0.13%, and the Nasdaq 100 Index ($IUXX) closed up +0.87%.

U.S. stock indexes on Friday posted moderate gains, with the S&P 500 at a 2-1/2 week high and the Nasdaq 100 at a 2-3/4 month high. Strength in technology stocks is led the overall market higher Friday, along with a rally in retailer stocks on hopes for strong Black Friday E-commerce sales. Also, carry-over support from a rally in European stocks to a 9-month high on Friday boosted U.S. stock indexes.

Retail stocks on Friday pushed higher on hopes for strong Black Friday E-commerce sales. Etsy gained more than +10% to a record high, GameStop rallied by more than +9%, and Wayfair rose more than +4%.

The Euro Stoxx 50 on Friday rose +0.48% to a 9-month high and provided carry-over support to U.S. stocks. Strength in Eurozone economic data on Friday was supportive of stocks. Eurozo... Read more

The Latest: EU sees flatter virus curve, still needs limits

BERLIN — The European Union's latest surge of coronavirus infections is flattening or going down in some but not all countries across the continent but it's too early to relax current virus restrictions, the head of the continent’s disease control center said Monday.

PFE : 37.23 (+1.92%)
Congress returns with virus aid, federal funding unresolved

WASHINGTON (AP) — After months of shadowboxing amid , Capitol Hill's main players are returning for one final, perhaps futile, attempt at deal-making on a challenging menu of year-end business.

Liz Weston: Putting financial survivor’s guilt to good use

Financial therapist Lindsay Bryan-Podvin of Ann Arbor, Michigan, specializes in helping people deal with their . But since the pandemic started, Bryan-Podvin has been hearing more about guilt than fear.

Biden looks to fill out economic team with diverse picks

is expected in the coming days to name several of his most senior economic advisers, a group that includes several liberal economists and policy specialists who established their credentials during the previous two Democratic administrations.

Global shares mixed after fresh records on Wall Street

TOKYO (AP) — Global shares were mixed Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.

TSLA : 585.76 (+2.05%)
UK to ban new Huawei gear installations after Sept

LONDON (AP) — Wireless carriers in the U.K. won’t be allowed to install Huawei equipment in their high-speed 5G networks after September 2021, the British government said Monday, hardening its line against the Chinese technology company.

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