December 14, 2017
Holiday shoppers were out in force during Black Friday and were also working the web hard as November retail sales far surpassed expectations with a very strong 0.8 percent monthly gain. Full employment together with unusually strong consumer confidence are setting up what may prove to be an unusually robust holiday season.
After five straight gains, the Dow stepped back with a 0.3 percent loss to 24,508. Other markets were little changed with the 10-year Treasury yield ending at 2.35 percent and gold at $1,255.