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0 0.00218818380743978 0.00218818380743978 0.00218818380743978 0.00656455142231953 0.00875273522975931 -0.0109409190371991 0
Stock impact report

Futures inch up ahead of shortened Black Friday session [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
as the holiday shopping season kicked off on a brisk note and investor attention shifted to retail stocks. Wall Street's main indexes closed lower on Wednesday, the eve of the Thanksgiving Holiday, after data showed signs of sticky inflation, bolstering bets the Federal Reserve could stay cautious on interest-rate cuts in 2025. Investors will closely monitor stocks of retailers expected to attract millions of shoppers with their steep Black Friday discounts, as customers commence their year-end holiday shopping. The National Retail Federation, a U.S. trade group, expects roughly 85.6 million shoppers to visit stores this year, up from 76 million on Black Friday in 2023. Shares of Target rose 0.8%, TJX climbed 0.6%, Walmart edged up 0.5% and Nike added 0.4% in premarket trading. "This mega promotional event is a mixed blessing for retailers. It provokes such shopping mania in the quest for a good deal that around three quarters of people will actually put off spending in the Show less Read more
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