Retail earnings will help to drive the market this week, but Macy's won't be reporting as it investigates an accounting issue.Dow Jones Industrial Averageboth rose about 1.7%. Markets will be closed Thursday and trading will wrap up early on Friday for the Thanksgiving holiday. Investors will be watching for signs of holiday spending strength during Black Friday, and from a handful of retail earnings early in the week.
. In the post, Bessent is expected to back a gradual implementation of tariffs and push for deregulation and trimming deficits. Meanwhile, Sen. Marco Rubio of Florida, Trump's pick for secretary of State,has an airport problem. As CEO Brian Niccol tries to reverse several straight quarters of falling sales, he has said licensed locations like those in airports and Target stores can"simplify some of the execution".
Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of"Wicked." – CNBC's Hakyung Kim, Jeff Cox, Sam Meredith, Ece Yildirim, Leslie Josephs, Amelia Lucas and Sarah Whitten contributed to this report.
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