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Wall Street Pauses as Tech Weakness Weighs on Futures

  U.S. stock futures were mixed as investors navigated lingering volatility following a sharp pullback in major technology names. Dow Jones futures showed a slight uptick, while S&P 500 futures hovered near flat. Nasdaq futures, however, continued to drift lower, reflecting ongoing pressure in the tech sector. The recent downturn in high‑growth technology stocks has prompted a broader shift in market sentiment, with traders rotating toward more defensive positions. Concerns about the sustainability of tech valuations and the impact of AI‑driven competition have added to the cautious mood. Attention now turns to Alphabet’s upcoming earnings report, which is expected to play a pivotal role in shaping the market’s next move. With investors eager for clarity on the company’s AI strategy and advertising performance, the results could either steady the tech landscape or deepen the current uncertainty.
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2023 Holiday Season E-Commerce Spending Breaks Records


According to research data from Adobe, online consumer spending broke records over the 2023 holiday season, with consumers spending over $22 billion. This is the largest revenue in the past three years, with value-driven purchases still the focus. Thanksgiving to Cyber Monday saw 22% of purchases, due to the various sales opportunities during that window. Yahoo Finance’s Brooke DiPalma breaks down these numbers and weighs in on the buy now, pay later trends’ role in holiday spending.

The trend of online shopping has been on the rise for years, and the 2023 holiday season was no exception. With the convenience of online shopping, consumers are able to purchase items from the comfort of their own homes. The rise of buy now, pay later options has also made it easier for consumers to make purchases without having to pay the full amount upfront.

Overall, the 2023 holiday season was a success for e-commerce, with record-breaking sales and a focus on value-driven purchases. 

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