>>Ahead Of The Bell
(New York, NY) -- While today is Veterans Day, both the New York Stock Exchange and Nasdaq will operate as usual. The bond markets, however, will be closed for the holiday. As trading came to a close on Friday, Wall Street wrapped up a banner week after President-elect Trump's election victory. Stocks also got a boost from the Federal Reserve's decision to lower interest rates by a quarter percent. The Dow Jones Industrial Average topped 44-thousand for the first time ever while the S&P 500 hit six-thousand during Friday's session. At the closing bell, the Dow gained 259 points to 43-988. The S&P 500 rose 22 points to 59-95. The Nasdaq added 17 points to 19-286.
>>Coming Up In The Business Week Ahead
(Undated) -- Coming up in the business week ahead, things on the economic report front are quiet today. Tuesday brings word on the National Federation of Independent Business optimism index. That will be followed by the consumer price index - a key measurement of inflation - on Wednesday. The producer price index comes out Thursday, with retail sales numbers bringing the week to a close on Friday.
>>Most Americans Expect National Debt To Rise Under Trump
(Washington, DC) -- A majority of Americans expect the national debt to go up under President-elect Trump. That's according to a new Reuters/Ipsos survey after the election. It found that 62-percent said his proposals "will push the U.S. national debt higher." About one in three Republicans said so and 94-percent of Democrats think Trump will bring the debt higher. Another survey from the Wall Street Journal shows that economists expect higher inflation and interest rates under Trump's agenda.
>>Tesla Hits $1 Trillion Market Cap In Friday Trading
(New York, NY) -- Tesla is now a trillion dollar company. Shares of the electric vehicle maker climbed surged eight percent in Friday trading to push its market cap past one-trillion dollars for the first time. The company's stock rallied about 27 percent last week as former President Trump won the election. Tesla joins a growing club of big tech names including Apple, Mircrosoft, Alphabet and Amazon that are worth more than a trillion dollars.
>>Earnings Reports Due This Week
(Undated) -- While there are several noteworthy earnings reports on the horizon this week, things will get off to a quiet start today. That changes Tuesday with results coming in from Spotify, Home Depot, Instacart and Tyson Foods. Look for numbers from Cisco Systems on Wednesday, with Disney's eagerly-anticipated results coming out Thursday.
>>Stellantis To Cut 400 Workers At Detroit Warehouse
(Detroit, MI) -- Stellantis plans to cut 400 workers at a warehousing facility in east Detroit next year. The cuts could occur as early as January 5th. It will be the latest in a series of cuts from the automaker, which has laid off hundreds of workers at plants around Metro Detroit. Just last week, Stellantis also announced that it was laying off about eleven-hundred workers at a Jeep plant in Toledo, Ohio.
