Stock Market Winners & Losers: S&P 500 Falls as 4-Week Rally Pauses | Black Friday is Extremely Online |Sunday was the Busiest Day in US Aviation History

Loser: S&P 500 falls as 4-week rally pauses
• The S&P 500 fell slightly as traders took a breather after the major averages posted a four-week winning streak.
• The S&P 500 is up 8.6% so far this month, while the Dow has added nearly 7% and the Nasdaq has jumped roughly 11%.
• This month retailers warned that consumer spending is weakening, although Black Friday e-commerce spending jumped 7.5% from a year earlier.
• This market has a strong confidence in that the Fed is finished, not only with its rate-hiking campaign, but that it will begin rate cuts in 2024.
Other Stories
• A simple budget for holiday gifts? How about 1.5% of your annual salary. For a family that earns $75,000 a year, that works out to $1,125.
• Eli Lily’s Mounjaro is more effective than Novo Nordisk’s Ozempic for weight loss in overweight and obese adults
• Taylor Swift’s ‘Eras Tour’ concert film will be available to stream through Amazon Prime Video, Apple, Xfinity, YouTube TV and Google TV, on digital Dec. 13, which as Swifties know, of course, is the singer’s birthday.
Winner: Black Friday is extremely online
• Discounts made Black Friday stronger.
• Despite analysts’ tepid outlook, we spent a record $9.8 billion in online sales in the US, a 7.5% increase over a year ago.
• Shopping on your phone: $5.3 billion of online sales (54%) were done through a mobile device, and that method is expected to overtake desktop purchasing during this holiday season for the first time.
• Buy now, pay later: The use of BNPL—pread payment over multiple installments—soared 47% from a year ago to $79 million on Black Friday,.
• Store-branded credit cards. New store card registrations were down 37% last year compared with 2015
• Interest rates can top 30% on some store-branded cards, and bargain-hunting Americans are now less loyal to particular brands,
• Cyber Monday is also projected to crush
• Don’t expect things to slow today—Adobe predicts a record $12 billion in sales on Cyber Monday, a 5.4% increase over last year and the biggest online shopping day in US history.
• Retailers are set to cut prices by 30% on electronics, one of the biggest sales drivers over the past week.
• Spending money we don't really have (credit card debt) on stuff we don't really need to give to people we don't really like.
Winner: Sunday Was the Busiest Day in U.S. Aviation History
• Sunday was the busiest day of air travel in U.S. history.
• Airlines and millions of Americans battled flight delays Sunday.
• The TSA screened 2.91 million passengers on Sunday, beating the previous record of 2.88 million on June 30.
• 7 f the 10 busiest days in history have come in the past six months. The remaining three were in 2019.
• There were significant delays in the Northeast, but few cancellations.
• Just 55 flights were canceled out of the 45,000 estimated for Sunday.
• Southwest Airlines had the most delayed flights, at 1,376, or 30% of its schedule, though just one was canceled.

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0:00 Loser: S&P 500 Falls as 4-Week Rally Pauses
2:10 Loser: Black Friday is Extremely Online
3:47 Loser: Busiest Day in US Aviation History