SPEM - Asian Markets Mixed Europeans In The Red; Gold Stays Above $2K Crude Oil Remains Over $75 - Global Markets Today While US Was Sleeping | Benzinga
On Monday, November 27th, U.S. stock markets closed in the red as investors paused following Thanksgiving to focus on upcoming inflation data, consumer confidence, and spending.
In economic data, U.S. new home sales in October fell 5.6% to an annual rate of 679,000, below estimates of 723,000. This decline contributed to a cautious market mood.
In the S&P 500, healthcare and industrials saw the most significant drops, whereas real estate and consumer discretionary sectors had the most gains.
Affirm Holdings surged 12% on Cyber Monday, benefiting from high usage of its "buy now, pay later" service.
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