CNBC Daily Open: Is record Black Friday sales surge a false dawn?
Publishing timestamp: 2023-11-27 19:06:45
Summary
The article discusses the breather in U.S. stocks after a four-week winning streak, the IPO filing of Shein, the settlement of Binance with the U.S. Department of Justice, job cuts in ByteDance's gaming division, OPEC's defense of the oil and gas industry, and the post-Thanksgiving shopping season numbers. It also raises questions about the impact of the Federal Reserve's rate hikes on the economy and the role of buy-now-pay-later services in driving retail figures.
Sentiment: NEUTRAL
Keywords: markets, nasdaq composite, united arab emirates, environment, s&p 500 index, dow jones industrial average, united states, economic events, business news, world markets,
Source: https://www.cnbc.com/2023/11/28/cnbc-daily-open-is-black-friday-sales-surge-a-false-dawn.html