Market Wrap up:
Markets floated to the upside and hit another record highs in the pre-holiday session as more data indicated the U.S. economy sitting on a strong balance. The U.S. GDP growth revised up to 2.1% in the third quarter, and durable goods orders had a solid rose instead of declined as Wallstreet analysts had anticipated before. Meanwhile, the Fed's most recent Beige Book demonstrated the economy was still in good shape and growing humbly.
Speaking to the most market-relevant headlines, President Trump said the US-China deal is in its 'final throes'. Ten of the 11 S&P 500 major sectors posted in green, led by consumer discretionary (0.86%). And Industrial closed solitarily red with 0.10%.
(S&P 500: 3153.63 +0.42% DOW: 28164.00 +0.15% NASDAQ: 8705.18 +0.66%)
The greatest shopping weekend is only a day ahead of us and 327.2 million Americans are waiting to shop or bargain during the occasion.
Currently, the U.S. consumer confidence is standing at 125.5 and as long as this index above 100 means that consumers are optimistic about their economic situation. The solid numbers could recommend a beneficial shopping season even there are worries over economic stagnation.
From a market point of view, historically it recommends this is an excellent time for retail stocks. Since 2007, the prior week Black Friday to seven days after, the average gains of these sectors were 5%.
Since that, here are some ETF feeds for you to prepare your trading session ahead of the bell.
Besides, here are the pre-market top movers on Friday.