1. Cyber Monday: U.S. retailers are hoping for a major splurge on Cyber Monday. The online shopping bonanza is expected to bring in as much as $6 billion, according to Adobe Digital Insights, which tracks online spending at America's 100 largest retail websites.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +32.00 | | +7.25 | | +2.75 | | +0.14% | | +0.11% | | +0.11% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -54.86 | | -31.59 | | +27.84 | | 22,495.99 | | 3,322.23 | | 7,437.48 | | -0.24% | | -0.94% | | +0.38% | | | |
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| | | Biggest Winners | | Target Corp | +1.06% | | | | Analog Devices Inc | +0.71% | | | | Amazon.com Inc | +0.59% | | | | Starbucks Corp | +0.56% | | | Biggest Losers | | Western Digital Corp | -3.27% | | | | Micron Technology Inc | -2.21% | | | | Qualcomm Inc | -1.32% | | | | Ford Motor Co | -1.07% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Cyber Monday; Dollar under pressure; Time Inc. sold | By Ivana Kottasová
Monday, November 27th, 4:53am | | | | 1. Cyber Monday: U.S. retailers are hoping for a major splurge on Cyber Monday. | | | | The online shopping bonanza is expected to bring in as much as $6 billion, according to Adobe Digital Insights, which tracks online spending at America's 100 largest retail websites. | | | | Digital sales have been strong this holiday shopping season: American shoppers spent a record $5 billion online in 24 hours on Black Friday, a 16.9% increase over last year, according Adobe Digital Insights. | | | | The performance is welcome news for embattled retailers who were having a dismal 2017. Store closings have more than tripled this year to a record 6,700. | | | | 2. Dollar under pressure: The U.S. dollar was trading lower against major currencies on Monday. | | | | Investors are looking ahead to a U.S. Senate vote that could come later this week on tax reform. | | | | If the legislation gets through the Senate, it will have to be reconciled with the bill the House passed earlier this month. That process could be messy, and progress could stall. | | | | "The dollar would get a bit of a lift from anything that convinced markets that a growth-supportive package was really likely but more muddle seems more probable," said Kit Juckes, a strategist at Societe Generale. | | | | The dollar suffered its biggest fall on Monday against the euro, which got a boost from strong eurozone economic data and signs that German Chancellor Angela Merkel is making progress in forming a government. | | | | 3. Time's new owners: Media firm Meredith has agreed to buy the publisher Time Inc. for $2.8 billion. | | | | Acquiring the legendary magazine business gives Meredith control of dozens of big titles such as People, Sports Illustrated, Fortune and Entertainment Weekly. | | | | Meredith already publishes several top magazines, including Parents, Shape and Better Homes & Gardens. | | | | It plans to sell a sizable chunk of the combined business -- $650 million worth -- to a company owned by GOP mega-donors Charles and David Koch. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 4. Global market overview: U.S. stock futures were higher. | | | | European markets advanced in early trade following a negative session in Asia. | | | | The S&P 500 gained 0.2% on Friday, closing above 2,600 for the first time. The Dow Jones industrial average added 0.1%, while the Nasdaq increased 0.3% to hit a new record. | | | | U.S. crude futures were off by almost 1% on Monday, ahead of a crucial OPEC meeting later this week. | | | | 5. Companies and economics: Shares in Samsung dropped as much as 5% on Monday after analysts at Morgan Stanley reportedly downgraded the company. | | | | The U.S. Census Bureau will release its October new home sales report at 10:00 a.m. ET Monday. | | | | Download CNN MoneyStream for up-to-the-minute market data and news | | | | | | | |
| | | | | | Monday -- Cyber Monday
Tuesday -- Jerome Powell confirmation hearing; CNN Town Hall Debate on taxes
Wednesday -- Tiffany earnings; Yellen testimony on the economy
Thursday -- Kroger earnings; OPEC meeting | | | | Editor's Note: Sunday's "Before the Bell" newsletter contained an error in the item about the record S&P 500 run without a 3% decline. It has been corrected here. | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $58.42 | -0.53 / -0.90% | | | Gold | $1,294.00 | +6.70 / +0.52% | | | 10-yr | 2.34% | +0.02 / +0.78% | | | Euro | $1.19 | +0.00 / +0.08% | | | |
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