Daily Investor Update: Tech leads S&P above 2,600; Amazon, other retail stocks gain

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Friday, November 24, 2017

Tech leads S&P above 2,600; Amazon, other retail stocks gain

(Reuters) - Technology stocks led the S&P 500 and Nasdaq to record closing highs on Friday, with the S&P ending above 2,600 points for the first time, while Amazon and retail stocks got a boost from signs of a strong start to the holiday shopping season.

U.S. shoppers browse stores, buy online as Black Friday deals beckon

CHICAGO/NEW YORK (Reuters) - U.S. stores offered deep discounts, entertainment and free gifts to draw bargain hunters on Black Friday, the traditional start of the holiday shopping season, but some shoppers said they were just eyeing goods, reserving their cash for online purchases.

Macy's suffers credit card processing slowdown on Black Friday

CHICAGO (Reuters) - Department store operator Macy's Inc said that processing of payments with some credit and gift cards was taking longer than usual in its stores on Black Friday, the traditional start of the key holiday shopping season.

Uber to disclose price on SoftBank deal early next week: sources

SAN FRANCISCO/NEW YORK (Reuters) - Uber Technologies Inc [UBER.UL] plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors, two people familiar with the plans said on Friday.

Global stocks set fresh record high on business outlook, euro rises

NEW YORK (Reuters) - Major global and U.S. stock indices set fresh all-time highs on Friday, buoyed by a bright business outlook and strong corporate earnings, while the economy's strength in continental Europe lifted the euro to a two-month high against the dollar.

Europe's retailers tempt shoppers with Black Friday deals

LONDON (Reuters) - Retailers across Europe chased shoppers on "Black Friday" in a test of consumer demand, particularly in Britain, where the spending spree imported from the U.S. looked set to outdo last year.

Ten days to crack Brexit deal, EU tells May

BRUSSELS (Reuters) - The European Union handed Prime Minister Theresa May a 10-day "absolute deadline" to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit.

EU's Juncker says Dec. 4 meeting with May will show if Brexit progress made

BRUSSELS (Reuters) - The president of the European Commission Jean-Claude Juncker said on Friday that a meeting with British Prime Minister Theresa May on December 4 will allow the EU to see whether sufficient progress was made on Brexit talks.

Ireland trying to force Northern Ireland to stay in customs union after Brexit: DUP

LONDON (Reuters) - Ireland is trying to force the United Kingdom, or at least Northern Ireland, to remain in the customs union after Brexit as it suits their national interest, the deputy leader of the province's Democratic Unionist Party said on Friday.

Holiday cheer boosts Amazon, Macy's and other retail stocks

SAN FRANCISCO (Reuters) - Shares of Amazon.com Inc , Macy's Inc , Kohl's Corp and other U.S. retailers rose on Friday on early signs that consumers are on track to spend more this holiday shopping season than in previous years.

Daily Investor Update: Tech leads S&P above 2,600; Amazon, other retail stocks gain

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