S&P 500, Nasdaq close with record highs as investors bet on online shopping

Nov. 27 (UPI) — The S&P 500 and the Nasdaq Composite both closed with record highs Friday, wrapping a strong week for markets at the start of the holiday shopping season.

The S&P 500 gained 0.3% to close at 3,638.35, and the Nasdaq Composite rose 0.9% to 12,205.85.

The Dow Jones Industrial Average rose 0.1% Friday to 29,910.37, an increase of 37.90 points from Thursday.

The Dow closed above 30,000 for the first time earlier this week, and all three markets saw gains for the week.

The Dow rose 2.2% and the S&P 500 gained 2.3% for the week, while the Nasdaq climbed 3%.

“What we’re witnessing today, this week and this month, is a continuation in the rise of optimism,” Mike Zigmont, head of trading and research at Harvest Volatility Management, said.

Analysts said investors were encouraged by continued positive news about COVID-19 vaccines, the White House transition and the beginning of the holiday shopping season.

Retailers led Friday’s surge, with the SPDR S&P Retail ETF rising 0.9%, following a record-setting day for online sales on Thanksgiving Day due to the COVID-19 pandemic.

According to Adobe Analytics, online retailers posted $5.1 billion in sales Thursday. On Friday, Etsy shares climbed 10.7%, Gamestop rose 9%, Amazon gained 0.3%, and Shopify climbed 1.5%.

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Black Friday 2020: Stores close Thanksgiving, shift to online shopping deals amid pandemic

CHICAGO (WLS) — In recent years Thanksgiving has turned into the start of the holiday shopping season, but not this year.

Magnificent Mile is calm as most stores decided to stay closed on Thanksgiving in part due to the pandemic, forcing retailers to take a different approach to holiday shopping.

Experts say shoppers are shifting their holiday hunt online. According to early data, online sales this month are already up 32% compared with last year and online sales on Black Friday are expected to increase by 40 percent.

The new trend means those huge lines and crowds camped outside stores post-Thanksgiving dinner is out and online shopping is in.

RELATED: Sites with aggregate deals help you find the hottest buys this holiday season

Even big retailers, like Best Buy and Kohl’s that are normally open the last Thursday of November, are closed.

“Most retailers are trying to avoid a massive spike of people in their stores,” said Brad Loftus, Senior Partner at Boston Consulting Group. “They’re trying to move more of their sales and spread the sales fees out of a greater portion of time.”

the trend is something Jason Serrano decided to take advantage of. He is one of the few camped outside Best Buy in Chicago’s Bucktown, waiting to score a deal on a Playstation 5 for his daughter.

“Online they are going for $2,000 and I’m not going to pay that much, so I would rather just wait here,” he said.

Sixty percent of shoppers say they plan to do at least some of their holiday shopping from home this year, with 41% saying they won’t be hitting the stores on Black Friday at all.

“It actually feels good because of social distancing,” Serrano said. “Knowing no one was going to be here in the same spots so it kind of-to me, it’s pretty cool to be out here and get something that she really wants.”

Some retailers have already started their sales, desperate to jump-start and extend the holiday shopping season.

RELATED: Black Friday 2020 deals shopping guide

“Retailers are really trying to get the orders earlier as there’s a very small window between Black Friday and Christmas, and they want to make sure that they’re their orders are delivered on time and meeting customer expectations,” Loftus said.

As for the hot ticket items this year? Experts say gifts for the home.

“So home entertainment. If you think about cooking, if you think about anything for decorating those homes, those categories are all up to a great degree this year,” Loftus said.

Given the recent second surge of COVID-19, the CDC recommends Black Friday deal seekers look online and use curbside pickup, if available.

Copyright © 2020 WLS-TV. All Rights Reserved.

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Stanford women inch Tara VanDerveer close to history with 68-point win

The college basketball season tipped off on Wednesday for most men’s and women’s teams around the Bay Area, but unlike a typical year, coaches and players may not measure their success in wins and losses.

As COVID-19 cases continue to rise around the country and in nearly every Bay Area county, simply staying healthy enough to play is a victory as dozens of programs were forced to cancel games this week.

The Stanford men’s team had its opener against Utah Valley called off on Wednesday after the Wolverines had a positive test within the program while the Cal men’s team shuffled its schedule to open the year in a non-conference matchup with Pac-12 foe Oregon State after its initial opponent, Colorado State, registered multiple positive coronavirus tests.

Cal had already stopped practices and team meetings earlier in the month due to the coronavirus, so the Bears understand that completing the season will require an unprecedented level of flexibility.

“In a year when disruption is likely the norm, we had to adjust with our own COVID-19 shutdown earlier this month, and now with Colorado State’s situation,” Cal head coach Mark Fox said in a press release. “It was not possible to replace Colorado State on such short notice and playing Oregon State proved to be the best solution because it’s most important that we play when we can safely do so.”

Guard Matt Bradley paced Cal with 21 points in Wednesday’s opener in Corvallis, but it wasn’t enough to save the Bears in a 71-63 loss to the Beavers.

The Bears return to action at 3 p.m. on Thursday against NAIA opponent, Northwest.

San Jose State women upset Cal

The Spartans shot under 29% from the field on Wednesday, but overcame a nine-point deficit after the first quarter to earn a 56-48 win, their first victory over a Pac-12 school since 2009. Three Spartans scored in double figures including senior Tyra Whitehead who recorded her 10th career double-double with 12 points and 10 rebounds.

Ayzhiana Basallo scored the final six points of the game by hitting six free throws in the last 45 seconds.

Stanford women pile it on

Stanford scored at least 21 points in all four quarters and rolled to a 108-40 win over the Cal Poly Mustangs in Wednesday’s season-opener. The 68-point margin was the third largest in program history and moved legendary head coach Tara VanDerveer within four victories of passing the late Tennessee Volunteers head coach Pat Summitt to become the all-time winningest head coach in NCAA Division I women’s basketball.

Stanford star Haley Jones scored 16 points and added 10 rebounds in her first game action since suffering a season-ending knee injury 10 months ago.

The Cardinal’s next game, a Sunday matchup with the University of Pacific, has already been canceled due to a positive COVID-19 test that forced the Tigers to suspend program operations.

St. Mary’s men lose on national television, women shoot well but drop opener

The Gaels traveled to Sioux Falls, South

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Ellen DeGeneres & Wife Portia de Rossi Keep Close While Out Shopping in Santa Barbara

Ellen DeGeneres and Portia de Rossi are showing off a little PDA!

The 62-year-old talk show host and the 47-year-old retired actress wrapped their arms around each other while out antique shopping together on Saturday afternoon (November 21) in Santa Barbara, Calif.

Ellen kept things casual in a black T-shirt and olive-colored pants while Portia sported a tan beanie, bomber jacket, and knee-high boots for their outing. The two both stayed safe in face masks as they did some shopping together.

This week on her show, Ellen has hosted a lot of celeb guests, and even had some guest hosts step in for her on the show.

One of the biggest interviews was with Patrick Dempsey, who opened up about how his cameo on Grey’s Anatomy came to be, five years after leaving the series.

Find out all the details on his role and just how many more episodes he’ll be appearing in here!

15+ pictures inside of Ellen DeGeneres and Portia de Rossi out shopping…

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7 Gift Cards To Make You Feel Close Even From Six Feet Apart

In case you missed it, there’s a pandemic outside, and traveling to see loved ones is a whole lot harder this year. It also means in-person gift-giving is basically out of the question, especially if you’ve got older folks or immunosuppressed loved ones. The pandemic, however, will not stop many from gifting this holiday season. While we may be forced to eat Thanksgiving over Zoom and light the Hanukkah candles from afar, not even a pandemic can take away our holiday spirit.

So this year, take the socially distant gifting route and send your loved ones gift cards. Available for everything from booze to blankets, gift cards are both practical and universal. Plus, buying gift cards is as easy as clicking a button and there is exactly zero shipping time. Ahead, our favorite gift cards to give this holiday season.

At Refinery29, we’re here to help you navigate this overwhelming world of stuff. All of our market picks are independently selected and curated by the editorial team. If you buy something we link to on our site, Refinery29 may earn commission.

Like what you see? How about some more R29 goodness, right here?

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Macy’s may temporarily close more stores as Covid cases rise, CEO says

People sit as Macys shopping bags are placed on a table at Herald Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 20, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without fans and media production.

Alexi Rosenfeld | Getty Images

Macy’s could face more temporary store closures as coronavirus cases rise rapidly across the U.S., impeding its recovery and the all-important holiday shopping season, executives said Thursday.

“Covid is surging again across the country,” CEO Jeff Gennette said during a post-earnings call with analysts. “And that continues to impede our recovery, in international tourism and urban areas. And the supply chains have opened up, yet problems remain.”

The retailer’s online business, which grew 27% during the latest quarter, is expected to rise “at a very aggressive rate” and could expand even faster, depending on whether states and cities shutter stores again, Gennette added.

Macy’s said its flagship stores like its Herald Square location in New York City have been hit hardest during the pandemic. The lack of tourists and office workers shopping over lunch breaks and after work has hurt traffic, he said.

One of the company’s locations in El Paso, Texas, is closed due to a surge in cases there. Mall owner Simon Property Group said earlier this month it had been asked to shut down its Cielo Vista Mall in El Paso. The United States has regularly been logging more than 100,000 new daily Covid infections in the past two weeks.

Gennette said Macy’s is monitoring other communities closely and has a strategy to work through additional store closures. “We are getting expert at this,” he said. “We’re ready to go, no matter what comes our way.”

Gennette said he is optimistic consumers will be eager to get dressed up again, post-pandemic. The retailer’s sales have declined with fewer people visiting its stores for work clothes, prom dresses and wedding gowns in 2020.

“A vaccination is obviously on everybody’s mind, … and I think there is going to be a surge of demand when that happens,” he said.

People who “have been wearing the same clothes, lounging in active and in casual sportswear … they’re going to want to dress up,” Gennette said.

Macy’s shares were flat at midday Thursday.

Earlier in the day, the company reported a third-quarter, same-store sales decline of more than 20%. It said it expects same-store sales of owned and licensed stores to decline by a low- to mid-20s percentage during the fall.

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These 8 shopping centers in central Pa. will close on Thanksgiving

a group of people standing in front of a building: Customers line up to enter the Capital City Mall

© Cumberland County moves to the green phase of the state’s COVID-19 reopening plan today, which means…
Customers line up to enter the Capital City Mall

Last year the Colonial Park Mall, the Park City Center, Tanger Outlets Hershey and Tanger Outlets Lancaster were all open on Thanksgiving

But this year regional shopping centers and malls have all announced on their websites that they will close on the holiday. this comes as a number of larger retailers like Walmart have announced they will do the same.

The Colonial Park Mall in Lower Paxton Township; the Capital City Mall in Lower Allen Township; The Harrisburg Mall in Swatara Township; Tanger Outlets Hershey in Derry Township; the York Galleria Mall in Springettsbury Township; Tanger Outlets Lancaster in East Lampeter Township; the Park City Center in Lancaster and the Shops @Rockvale in East Lampeter Township will all be closed on Thanksgiving.

a group of people walking in front of a building: Customers line up to enter the Capital City Mall

© Cumberland County moves to the green phase of the state’s COVID-19 reopening plan today, which means…
Customers line up to enter the Capital City Mall

Bass Pro Shops, 2nd and Charles and DXL, which all have outside entrances at the Harrisburg Mall will be open. And it’s not clear if some of the larger retailers with outside entrances will open for business on the holiday at other regional malls.

You can follow Daniel Urie on twitter @DanielUrie2018 and you can like him on Facebook.


©2020 The Patriot-News (Harrisburg, Pa.)

Visit The Patriot-News (Harrisburg, Pa.) at www.pennlive.com

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Confusion and anger as beauty salons forced to close in Nottinghamshire in new Tier 3 rules

Beauty industry groups have called for urgent clarification on this decision, as well as test and trace data that shows closing beauty businesses is a valid response to an increase in infection rates. “Last night’s news that saunas, steam rooms, nails and beauty services must close in Nottinghamshire from tomorrow is devastating,” says Millie Kendall MBE, chief executive of the British Beauty Council.

“We are an industry that has had little government support since March in terms of sector specific stimulus packages. Government divide up our industry and determine which services are more unsafe than others arbitrarily and we want to know why or how they arrived at this decision.”

It is estimated around ten percent of salons have already closed followed the delayed reopening of beauty services over the summer, which Kendall describes as “a decision that crippled many businesses forcing them to close. Last night central Government told us it is local government and local authority say it is based on information they were given by Public Health England. We need clear answers as to what evidence there is and who has taken this decision.”

Lindsay Bland, the owner of the Evolve Nail & Beauty Salon in Retford, has had to cancel 100 upcoming appointments. “We’re gutted, angry and upset,” Bland tells the Telegraph. “I genuinely don’t understand why we’re having to close; we use PPE, we follow all of the government’s guidelines. We just don’t understand why beauty treatments have been allowed to continue in other Tier 3 areas, yet for us they have to close.”

The decision is also affecting those working in a mobile setting, where it is ‘strongly advised’ that close contact services should not take place in homes. The bridal make-up artist Ruby Jay has already gone from 40 bridal clients this year to just eight, and has been forced to take a factory job twice a week to pay her bills. She tells the Telegraph, “If I cannot fulfil my remaining six bridal clients with these new restrictions, I will have to pay them refunds of up to £1000. I don’t have any money in the bank for this. I’ll be doing this in addition to trying to put food on my table.

“Yesterday I ordered a new batch of PPE – we are following all the guidelines , we are not responsible for the spread of Covid and yet our livelihoods are being stripped. My business is failing, and it’s totally out of my control,” Jay adds. “It is nothing to do with my lack of skill, determination and care.”

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Children’s clothing retailer Carter’s to close at least 200 stores

Children’s clothing retailer Carter’s said in its latest earnings call that’s it is planning to close at least 200 stores, including its OshKosh B’gosh locations, as leases expire over the next couple of years.

The closures will account for about 25% of Carter’s store portfolio. The focus will be older, lower-profit stores in declining shopping centers, Carter’s said.

About 80% of the stores will close by the end of 2022.

There are currently 10 Carter’s and six OshKosh B’gosh stores in New Jersey, according to the company’s website. A store closing list was not provided, so it’s unknown if any locations in the Garden State will be affected.

A Carter’s spokesperson didn’t immediately respond to a request for comment.

Carter’s, which was founded in 1865, operates 850 stores throughout the U.S., Canada and Mexico.

Like many retailers, the company has ramped up its e-commerce sales this year as shopping trends have shifted online. Right now, you can find puffer jackets starting at $20 and receive 50% off if you purchase three pairs of shoes at both Carter’s and OshKosh B’gosh.

You can also find its co-brands Simple Joys on Amazon and Child of Mine at Walmart.

Gap, Walmart, GameStop, Brooks Brothers, New York & Company, Nordstrom and Sur La Table are among the many retail companies that also have recently announced store closures.


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Nicolette Accardi can be reached at [email protected]. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips

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What Should You Do If You and a Close Friend Each Picked the Same Wedding Date?

Janine Licare Photography

If only there were more Saturdays on the calendar! Since there are only 52 in a year, and you and many of your friends (all in your 20s and 30s) are getting married within the year, mostly on Saturdays, you may run into the problem of overlapping weddings. And now, more than ever before, weekend wedding dates are hot commodities: With so many couples rescheduling or postponing their weddings in light of the coronavirus pandemic, next year’s social calendar might already be booked solid. So it’s hard to blame you for jumping at the opportunity to book an open Saturday with a venue you love before you run it by everyone you know. But what happens if you later learn that you and a close friend selected the same date for your nuptials?

Related: How to Keep Guests Informed About Wedding-Related Changes After Your Invitations Have Gone Out

How could you not have known?

In normal times your closest friends likely know your wedding date and would never pick the same one, but what about a good friend, maybe a high school buddy, who you still feel close to but don’t talk to that often? Or someone who’s part of a large friend group with you who you only talk to at parties? It happens, so don’t stress about it. But this year is anything but normal: With so many postponed and rescheduled events, open wedding dates for 2021 and even 2022 are few and far between. You jumped at the first availability that worked for you and your VIPs—unfortunately, it’s a possibility that others did the same.

Can one of you change your date?

Assuming you booked the date first, would your friend be willing or able to pick another? This is assuming there wouldn’t be any repercussions (she hasn’t sent out save-the-dates yet or put down non-refundable deposits), of course. If she’s not willing, are you?

What will mutual friends do?

They’ll be in an awkward position but they’ll have to decide which wedding to attend. Or they could always go to her ceremony and your reception, or vice versa, if your weddings are being held at the same time and in nearby locales.

Get out those save-the-dates!

Mail them today! It’s not a race (or is it?) but if friends on both guest lists receive your save-the-dates first, they’ll probably feel yours is the one they should attend. And even if you don’t know that someone has already picked the same wedding date as you, sending your save-the-dates early is important right now: Guests will need to plan ahead

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