Today marks the start the year's final week of trading. To prove you can’t judge a book by its cover 2016 stock markets got off to its worst start in history, but is now on pace to end the year with double-digit gains. (CNBC)
During the last days of the holiday shopping season consumers shifted their buying to online sources in record numbers. The primary beneficiary of this trend appears to be Amazon. Slice Intelligence found early online purchases going to the e-commerce giant Amazon with a 36.9% share of the market. Best Buy was second with a 3.9% market share followed by Target, with a 2.9%, Wal-Mart, with a 2.7% and Macy's, with a 2.5%. (CNBC)
The Index of Consumer Sentiment hit 98.2 in December. That is up from 93.8 in November. That is its highest level since January 2004. The report says 18% of consumers mentioned an expected favorable impact of Trump's policies on the economy. That's twice as high as the prior peak of 9 percent in 1981 when Ronald Reagan took office. (University of Michigan)
S&P 500 is up 1 and the NASDAQ is up 5. MSCI International Index is down 0.35%. Oil is up 21 cents at $53.23 a barrel. Gold is up $10 at $1143 a Troy ounce.