Wall St. looks to extend rally; consumers in focus
Stock News November 30th, 2008Wall Street will look to build on the strongest weekly performance for stocks since 1932 on Monday, with investors focused on how recession-minded shoppers fared at the malls and a raft of government data that could give a clearer picture of the economy.
So far, it appears consumers still opened their wallets and might have met analysts' gloomy projections for the kickoff of the holiday shopping season. Preliminary reports show that sales got off to a decent start on Black Friday, the day after Thanksgiving, traditionally one of the biggest shopping days of the year.
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Wall St. looks to extend rally; consumers in focus
Stock News November 30th, 2008Wall Street will look to build on the strongest weekly performance for stocks since 1932 on Monday, with investors focused on how recession-minded shoppers fared at the malls and a raft of government data that could give a clearer picture of the economy.
So far, it appears consumers still opened their wallets and might have met analysts' gloomy projections for the kickoff of the holiday shopping season. Preliminary reports show that sales got off to a decent start on Black Friday, the day after Thanksgiving, traditionally one of the biggest shopping days of the year.
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