Stocks Waver on Holiday Spending as Musk Talks Antisemitism, Oil Drops Ahead of OPEC Meeting, Biden to Skip UAE Climate Summit
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U.S. stock futures edged lower as traders attempt to gauge consumer spending and the potential impact on Fed interest rate decisions.
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Retailers offered deep Black Friday discounts to entice price-sensitive shoppers; Cyber Monday sales are expected to jump 5.4% to a record $12B.
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Elon Musk will meet with Israel’s president to discuss combatting rising antisemitism online.
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Oil prices fell ahead of a delayed OPEC+ meeting later this week which may see an extension of Saudi and Russian output cuts.
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President Biden will reportedly skip the COP28 climate conference in the UAE which begins this week.