Stocks notch first gain in four days amid mixed data
The S&P 500 rose 0.1 percent as investors weighed a stream of economic reports and vaccine news. The Dow gained 114 points while the Nasdaq slipped, the Russell 2000 hit a fresh high, and labor data showed fewer unemployment claims though levels remain elevated.
MENTIONED IN THIS ARTICLE
Wall Street
J.J. Kinahan
TD Ameritrade
S&p
U.S
Donald Trump
Congress
Treasury
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p MidCap
Wilshire
Russell
Toy shops shift to safety over sales this holiday season
Amid coronavirus worries, Mischief Toy Store in St Paul and others push online orders, curbside pickup, private appointments, and limited in-store visits. Owners report slower traffic, with 30 percent revenue drop anticipated, while prioritizing health for customers and staff. Perch in San Francisco adopts private shopping slots as another efficiency measure.
MENTIONED IN THIS ARTICLE
New York
Dan Marshall
Mischief Toy Store
Marshall
St. Paul
Minnesota
Perch
San Francisco
Abby Adelsheim-Marshall
Toy Mischief
US layoffs remain elevated as 803K seek jobless aid
The Labor Department reports 803000 initial unemployment claims for the week, down from 892000, as the job market stays stressed nine months into the pandemic. Consumer spending fell 0.4 percent in November, while new single family home sales slid 11 percent from October. Total ongoing state benefit recipients dropped to 5.3 million for the week ending Dec. 12.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Joshua Shapiro
Maria Fiorini Ramirez Inc
Pan
Demic
Durable goods orders rise in November with investment proxy gains
U S factories saw durable goods orders up 0.9 percent in November while the business investment proxy rose 0.4 percent. Motor vehicles and parts demand jumped 3.4 percent and overall transportation equipment climbed 1.9 percent. Commercial aircraft demand fell 2.9 percent as airline travel remained weak amid the pandemic. Analyst Oren Klachkin warned of a slower factory pace into 2021.
MENTIONED IN THIS ARTICLE
Washington
U.S
Commerce Department
Oren Klachkin
Oxford Economics
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