Consumer discretionary stocks, measured by the S&P 500 Consumer Discretionary sector which benefits from spending on retail, restaurants and vacations, edged up less than 0.1%.thin on what has historically been the busiest shopping day of the year.
"If Black Friday shopping takes a hit this year, it won't bode well for the rest of the holiday period which is so important to retailers," said Craig Erlam, senior market analyst at Oanda. Consumer discretionary stocks are down nearly 32% year to date, more than double the 15.5% decline in the broad S&P 500
, as consumers have been walloped by surging inflation and the swiftest increase in interest rates since the 1970s. "These stocks are a clue as to how fast the economy is slowing and whether slowing inflation is lifting confidence on Main Street," said Jim Paulsen, chief investment strategist at the Leuthold Group.
In the last 2 months just in 60 days 60 kids in age of 2-17 years were killed brutally by this fascistic Islamic regime and Unicef didn’t care about this genocide it’s a shame shame for the world watching this massacre and don’t do anything
…putinflation…