Top 10 things to keep an eye on in the stock market this Black Friday

1. U.S. stock futures rose on the final trading day of November as the 10-year Treasury note fell to its lowest level since October 30 and the 2-year Treasury note hit its lowest level since November 8. Wall Street is on track to win week and month. As a reminder, markets close at 1:00 p.m. ET.

2. Bloomberg reported that the Biden administration is considering additional export restrictions on semiconductor equipment and AI chips to China. However, chip stocks are rising as restrictions appear to be less stringent than feared.

3. The S&P 500 Short Range Oscillator closed at 3.94% on Wednesday, suggesting a relatively positive session today could push us into overbought territory. (Anything above a 4% gain would mean the market is overbought; anything below a minus 4% would mean the market is oversold.) Additionally, it will likely be a very low volume trading day, meaning that there is no reason to chase big values ​​is moving upwards.

4. The Federal Trade Commission announced a broad antitrust investigation Microsoft on Wednesday evening. Analysts at Wedbush said in a note this morning that while the news wasn’t all that surprising – the FTC has spoken informally with competitors and partners – “the dark days for technology are now numbered with (Commissioner) Lina Kahn at the FTC.” “seem to be a Trump White House.”

5. Australia wants to ban children under 16 from using social media. Exactly how this will be enforced remains to be seen, but it appears the responsibility will fall on the tech companies.

6. The Christmas shopping season is underway. Salesforce Data shows online sales rose about 4% at the start of the season, compared with 2% this time last year, according to Reuters. Of course, the report also cites other data from the National Retail Federation and Deloitte that indicate this is expected to be the slowest holiday shopping season in six years.

7. According to CNBC’s Gabrielle Fonrouge, supporters of President-elect Donald Trump are planning to spend more this Black Friday, while Kamala Harris voters could pull back on their budgets. An analysis of shipping volumes rose sharply in many red states and fell in most blue states after the election, as Trump supporters are optimistic about the economy and Harris voters are more pessimistic.

8. Several retail stocks traded slightly higher Friday as Black Friday began. Walmart rose by 0.2%, Goal increased by 0.1%, Dick’s Sporting Goods rose by 0.6% and Costco increased by 0.15%.

9. In case you missed it, we answered a question from Mailbag Wednesday about what we look for after identifying a stock we’re interested in. Here are the two big questions we want to answer.

10. According to a CNBC report, box office analysts expect the five-day Thanksgiving weekend, which runs from Wednesday to Sunday, to easily bring in $200 million in ticket sales. That would be the best result since the Covid-19 pandemic. It might also be the best third or second Thanksgiving weekend ever. Drive ticket sales: Disney’s “Moana 2”, Universals “Evil” and Paramounts “Gladiator II.”

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