Stock Market Winners & Losers: Markets Gains as Tech Stocks Lead | Black Friday, Cyber Monday Shoppers Exceed Expectations | Gen Z Credit Card Problem
Stocks rose as Salesforce jumped 9% on strong quarterly earnings, lifting tech shares. The S&P 500 and Nasdaq hit record highs, despite private payrolls growing less than expected in November.
Frontier Airlines is adding first-class seats to attract premium passengers, shifting its revenue model while maintaining low costs.
Holiday shopping nearly broke records, with 197 million Americans—75% of adults—shopping online or in stores over the five-day weekend. Full-season sales are projected at $240.8 billion, an 8.4% increase from last year, with gift spending averaging $235 per person.
Gen Z’s credit card debt is growing at a troubling pace, with balances averaging $2,834 for those aged 22–24, a 26% increase over Millennials at the same age. Fueled by “revenge spending” post-pandemic, Gen Z prioritizes fun over finances, contributing to U.S. credit card debt surpassing $1 trillion in 2023.
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