Investing.com-- The S&P500 slipped top to weekly loss Friday, as the post-election rally fizzled out following fresh signs of economic strength that stoked concerns about fewer Federal Reserve rate cuts.increased slightly more than expected in October, rising 0.4% last month above the 0.3% expected, and compared with the upwardly revised 0.8% advance in September. Robust consumer spending helped the economy maintain its strong pace of growth last quarter.
"The stronger-than-expected showing in retail spending underscores the storyline of a persistently resilient consumer, perpetuating solid economic conditions," Stifel said in a Friday note. "So unless a company is gaining a lot of WFE share next year , we would remain on the sidelines," UBS said in a note.) said it was moving its listing to the Nasdaq Global Select Market from the New York Stock Exchange, sending its shares 8% higher.