The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019

U.S. Stocks Rise On Eurozone Data, ‘Black Friday’ Buzz

@AFP

New York (AFP) – U.S. stocks on Friday opened higher in a holiday-shortened session following better eurozone economic data and positive early assessments of “Black Friday” sales by some leading retailers.

Five minutes into trade, the Dow Jones Industrial Average gained 34.16 (0.21 percent) at 16,131.49.

The broad-based S&P 500 tacked on 2.77 (0.15 percent) at 1,810.00, while the tech-rich Nasdaq Composite Index advanced 16.24 (0.40 percent) to 4,060.99.

The gains followed a drop in eurozone unemployment to 12.1 percent in October from 12.2 percent in September. Inflation also rose, easing concerns about deflation somewhat.

Meanwhile, retail giants Wal-Mart Stores and Target both reported “record” openings to the critical “Black Friday” shopping weekend, which kicks off the critical holiday shopping period.

Dow member Walmart said total sales on Thanksgiving Day exceeded last year’s total of 22 million customer served.

“Our Black Friday events were bigger, better, faster, cheaper and safer than ever,” said Walmart chief executive Bill Simon. “More customers chose us, we had the prices and products they were looking for, and we’re not finished yet.”

Trading volume was expected to be light on Friday, and markets will close early.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

This is the first of what is sure to be way too many campaign columns to come. If you’d like them to land in your email inbox every time I write one, please buy a subscription.

Keep reading...Show less

Tape of home invasion attack on Nancy Pelosi's husband Paul Pelosi

Youtube Screenshot

Video released Friday of the harrowing home invasion and assault that nearly killed then-Speaker Nancy Pelosi’s husband in October brought little in the way of self-reflection or regret from far-right Internet trolls and Fox News stars who spent months baselessly insisting that the attack had actually resulted from a gay tryst gone wrong. Instead, the denizens of the right-wing conspiracy theory ecosystem either claimed that the new evidence proved that they were right all along, or used it to float additional conspiracy theories about why it hadn’t been released earlier.

The key facts were available within hours of the October 28, 2022, attack. Law enforcement swiftly alleged that David DePape broke into the Democratic leader’s home in the middle of the night seeking to harm her and pummeled her 82-year-old husband Paul, sending him to the hospital for emergency surgery. Journalists who reviewed DePape’s Internet history subsequently revealed that he had been radicalized online and espoused a wide array of right-wing conspiracy theories, including QAnon.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}