Upbeat economic data about the
general economy is competing with disappointing consumer sales from the Black
Friday weekend to leave stock indexes mixed at the start of business
today. Manufacturing and construction
data were robust, but sales ticked down by over 2% from last year’s Black
Friday weekend. Gold is getting hammered
again this morning, down over 1% and oil is making a small comeback, up almost
1%. December’s stock performance might
hinge on retail sales numbers as they continue to trickle in. Cyber Monday, the day that retailers target
internet consumers, might provide a lift as more shoppers turn to the internet for
their holiday shopping.
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