Stocks closed modestly lower on Monday as traders returned from the Thanksgiving holiday to focus on early signs of how the holiday shopping season may turn out and where interest rates may go in the U.S.
The Dow Jones Industrial Average (DJIA) flirted with breakeven throughout the day, but ultimately finished the shortened, light-volume session in the red, with a big loss from Walt Disney Co (NYSE:DIS) weighing down the blue-chip index.
Stocks wobbled on Wednesday and finished little changed before the Thanksgiving holiday in the U.S. The market was positive for most of the day, but its gains dissipated in the final minutes of trading.
As the rationalization and denial on the southern tip of Manhattan has spread far and wide, the long-feared initial interest rate hike by the Federal Reserve could become the catalyst for a final pop in the Dow Jones Industrial Average (^DJI) toward 20 ...