Former Toys R US CEO Jerry Storch predicts double digit retail sales this holiday season despite inflation and supply chain concerns. Storch spoke with Bloomberg's David Westin on Bloomberg Television's "Wall Street Week." Taped November 23, 2021 Read More...
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These 3 Stocks Punished the Dow Friday
The stock market was definitely not in a holiday mood on the day after Thanksgiving, as news of the new Omicron variant of COVID-19 led to widespread concerns about a possible return to lockdown conditions. Because of the Dow’s price-weighted nature, a few stocks had a disproportionate influence on the average’s moves. Below, we’ll look at how American Express (NYSE: AXP), Boeing (NYSE: BA), and Goldman Sachs (NYSE: GS) combined to lop about 250 points off the Dow by themselves.
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