The major indices (^DJI, ^GSPC, ^IXIC) are mixed again at midday. The energy (XLE) and financial (XLF) sectors are the most in the green, while tech (XLK) is the most in the red. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman and Peter Kenny, chief market strategist for Global Markets Advisory Group and owner of KennysCommentary.com.
3 ways Trump’s economic plan is changing
It’s still 49 days to Inauguration Day, and as the choices of President-elect Trump for key positions roll in, many key tenets of his economic plan are getting rolled back—planned infrastructure spending, tax cuts, and trade relations with China and Mexico.
Small business borrowing falls, loan delinquencies rise
Let’s talk now about another key part of the US economy: small businesses. New data shows borrowing by small companies fell in October to the lowest level since January. That’s according to an index compiled by Thomson Reuters and the data firm PayNet. The percentage of firms late on repaying existing loans rose to the highest level in nearly four years.
Amazon’s domination of e-commerce sales
Now let’s talk about Amazon’s domination of the online shopping economy. The website InternetRetailer estimates that Amazon sales from Thanksgiving through Cyber Monday totaled $4.7 billion, or nearly 40% of all online sales during those five days.