Affected by the negative trade news, the three major U.S. stock indexes all fell on the last trading day of November. As of the close, the Dow fell 112.59 points, or 0.40%, to 28,051.41 points; the S&P 500 fell 12.65 points, or 0.4%, to 3,140.98 points; the Nasdaq fell 39.70 points, or 0.46%, to close at 8,665.47 points.
Yesterday’s trend of S&P 500
Just now Last Thanksgiving, online sales in the United States hit a record high. According to statistics from the agency Adobe Analytics, online sales on Thanksgiving Day recorded US$4.2 billion, an increase of 14.5% over the same period last year. It was also the first time that this data exceeded US$4 billion. There is a clear trend of consumers switching to mobile devices for ordering, with sales from smartphones accounting for nearly 44.9%, an increase of 24.4% from the same period last year. “Black Friday” online sales are expected to exceed US$7.4 billion Black Friday is coming one after another, and online consumption in the United States has exceeded US$600 million, a year-on-year increase of 19.2%. On the nation’s biggest shopping day, online sales are expected to top $7.4 billion. According to estimates from the National Retail Federation, more than 160 million people will shop this weekend. Online sales in the three days of Thanksgiving, Black Friday and “Cyber Monday” are expected to reach US$21.3 billion, which is 56% of this year’s Tmall Double Eleven single-day sales of US$38 billion. With holiday shopping starting earlier this year than in previous years, resulting in strong online sales, retailers will need to pay attention to whether early discounts will drive continued growth in overall retail sales, or whether they have prompted consumers to spend their holiday budgets earlier. Consumer confidence is currently at an all-time high. In the third quarter, consumer spending increased by 2.9% year-on-year, driving GDP growth by 2.1%. Pre-holiday funds poured into the retail sector, and stocks in the retail sector had divergent trends on Friday Retail stocks had divergent trends on Friday. Walmart rose nearly 1% during the session and closed slightly up 0.28%, making it the best-performing Dow Jones Industrial Average. Among the constituent stocks, Home Depot and Kohl’s closed down 1.1% and 2.7% respectively, while Amazon fell 1%. However, Wall Street insiders said that funds poured into the S&P Retail Index ETF in the past week, with individual stocks rising between 3-10%, and Best Buy’s cumulative increase in the past five trading days reaching 11.7%. In terms of year-to-date performance, Target leads the way with an increase of 89.2%, followed by Best Buy with a cumulative increase of 52.3% and Costco with an increase of 47.2%. The situation in Iraq dragged U.S. oil down 5%, and oil stocks closed down 0.8% The sharp fall in international oil prices dragged oil stocks Exxon Mobil and Chevron down 0.8%. U.S. oil fell 4.6% on the day, falling below 56 US dollars / barrel, closing at 55.43 US dollars / barrel; Brent oil fell 2.3%, at 62.43 US dollars / barrel. Both single-day declines hit new highs in more than two months. Traders blamed the oil market volatility on the resignation of Iraq’s prime minister and a rebalancing of positions ahead of next week’s OPEC annual meeting.
WTI crude oil price trends
In summary, this month, driven by trade news, the Dow, S&P and Nasdaq have increased by 3.7 points respectively. %, 3.4% and 4.5%, all achieving the best monthly performance since June. Wall Street insiders said that the market may consolidate in the short term and investors will have some room for profit-taking, but in the long term, the progress of the trade situation will be the driving force for the stock market to melt upward. Historical data shows that December was the best month for U.S. stocks, with the S&P 500 index rising an average of 1.6% that month. European stocks generally closed lower on Friday. The British FTSE 100 index fell 69.90 points, or 0.94%, to 7346.53 points; the German DAX index fell 9.20 points, or 0.07%, to close at 13236.38 points; the French CAC40 index fell 7.55 points, or 0.13%. , reported 5905.17 points. Affected by the uncertainty of the general election on December 12, the UK released consumer confidence index data, which stagnated at the lowest level since November 2013. France’s GDP growth rate in the third quarter was 0.3%, in line with expectations.
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