Stock Market Winners & Losers: SP 500 Rises Slightly Following Trump Tariff Plans | Senate Report Slams Airlines | Parents Spend More Than $170 on Holiday Gifts for Each Child
The S&P 500 rose as investors weighed Trump’s proposed tariffs: 25% on Mexico and Canada, 10% on Chinese goods. Both the Dow and S&P hit records, with the Russell 2000 reaching a new high.
A Senate report criticized major airlines for $12.4B in seating fees since 2018, while AMC banned singing at "Wicked" screenings.
With 29 shopping days until Christmas, holiday spending is projected to rise 2% globally to $1.19T, with U.S. sales hitting $277B. Parents, carrying more debt than last year, spend an average of $173 per child on gifts, with Gen Z moms outspending Millennials. Discounts help, but costs still add up fast.
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