Business News


U.S. stocks are higher on this last day of November, with the S&P 500, and Nasdaq looking to chalk up their 6th positive month of 2015 with one month to go. (CNBC)
 
The Thanksgiving weekend was split evenly between traffic to Internet and physical stores, with a total of more than 151 million shoppers opening up their wallets. About 121 million people plan to buy online on this Cyber Monday. According to the National Retail Federation, 29.6 million or 24.4% of consumers said they plan to use their mobile device to shop today. (RTT News/CNBC) 
 
The Commerce Department says new-home sales climbed 10.7% in October to an annual rate of 495,000. Sales dropped slightly in the West. Purchases of new homes have surged 15.7% year-to-date. The median new-home sales price has fallen 8.5% from a year ago to $281,500.
 
U.S. consumer sentiment inched up in November  according to the Thomson Reuters/University of Michigan's survey. The final November reading on the index was 91.3, which was higher than the previous month's reading of 90.
 
Oil is up. While oil was higher this morning, prices are on course to end November some 10% lower, as the global supply glut showed no sign of easing and a strong dollar further weighed on prices. (Reuters)
 

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