U.S. stocks will have a shortened trading day Friday due to the Thanksgiving holiday. Despite some investors trimming stakes in major tech names, equity indexes are close to all-time highs. Wednesday's inflation report and Federal Reserve meeting minutes suggest a potential gradual interest rate decrease if price increases continue to moderate.
Shoppers are looking for Black Friday deals, with varying retail expectations for holiday performance and spending influenced by political divisions and election outcomes. Shipping data shows red-state shoppers may have increased spending after Trump's victory. Economists predict slowing growth in China in 2025. House Speaker Mike Johnson and other lawmakers plan to discuss major reform ideas with Elon Musk and Eileen Ramaswamy, although the extent of their influence remains uncertain
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