U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much.
Read More Sharp downgrades to US unit labor costs bode well for inflation outlook
The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed.
Read More S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation data
Walmart, Amazon and fast-growing e-commerce sites Shein and Temu saw record-breaking sales on Black Friday and Cyber Monday.
Read More Walmart, Amazon holiday spending rise as Target, Best Buy stumble, data shows
Southwest and American lifted their fourth-quarter forecasts, betting on buoyant domestic travel demand during the holiday season and improved pricing.
Read More Southwest Airlines, American lift forecasts as holiday travel takes off
Wall Street’s main indexes climbed on Wednesday, while investors awaited comments from Federal Reserve Chair Jerome Powell later in the day.
Read More Tech rally drives S&P 500, Nasdaq to record highs; Powell comments in focus
Wall Street opened a touch lower on Tuesday after the S&P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week.
Read More Wall St opens slightly lower ahead of data, Fed commentary