Stock Market Winners & Losers: S&P 500 Slides from Record as Rally Takes a Pause | Is TikTok an Emerging E-Commerce Behemoth? | The Eras Tour Draws to a Close this Week
Stocks took a breather after record highs, with the S&P 500 up 4.6%, Nasdaq 5.2%, and Dow 6% since November 5.
Meta announced plans for a 25,000-mile, $10B subsea cable to deliver faster content worldwide.
TikTok Shop shined on Black Friday, raking in $100M in sales through 30,000 livestream sessions, doubling its annual sales to $50B.
Taylor Swift’s Eras Tour, the first to gross over $1B, fueled $4.6B in U.S. consumer spending, impacting hotel rates, airfare, and more. Her exclusive Target book deal left independent bookstores out of the equation.
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