5 Things to Know Before the Stock Market Opens | Global News Avenue

U.S. stock futures rise ahead of shortened trading session on Friday; target (TGT), Cole’s (korea association of science and technology) and J.C. Penney (JCP) are just some of the retailers trying to lure shoppers on Black Friday; Canadian antitrust regulators are suing Alphabet’s Google (Google) for alleged anti-competitive conduct in online advertising; Australia passed the world’s first ban on social media use by children under 16; and Disney’s (DIS) moana 2 It’s about to set a Thanksgiving weekend box office record. Here’s what investors need to know today.

1. The trading day is shortened, and U.S. stock futures rise slightly

U.S. stock futures edged higher on Thursday following the Thanksgiving holiday. trade fair finish early On Friday, the stock market closes at 1 p.m. ET and the bond market closes at 2 p.m. Wednesdaythis S&P 500 Index and Nasdaq down 0.4% and 0.6% respectively Dow Jones Industrial Average It closed down 0.3% after breaking through 45,000 points for the first time in early trading. Futures on the three major stock indexes all rose about 0.2%-0.3%, while the 10-year Treasury bond yield fell slightly to 4.224%.

2. Taylor Swift merchandise, snowballs become retailers’ Black Friday attraction

The retailer is trying to get Black Friday folks enjoy exclusive deals and giveaways at the door. Target(TGT) is starting to sell a book about Taylor Swift’s “Eras” tour, as well as vinyl and CD versions of her last album, in stores before going on sale online a day later. Cole’s (korea association of science and technology) is hosting a sweepstakes with prizes including a Florida vacation. J.C. Penney (JCP) is handing out snowballs. Industry experts say retailers prefer shopping in-store to online shopping because physical stores tend to have higher profit margins and lower return rates, but Bain & Company said consumer spending during this holiday season will be lower due to inflationary pressures. Probably only a 3% increase from last year. on people’s wallets.

3. Canada sues Google over alleged anti-competitive online advertising practices

Canadian antitrust regulators are suing Alphabet’s Google (Google) over alleged anti-competitive behavior in its online advertising business, the latest regulatory challenge to the tech giant’s dominance. Canada’s Competition Bureau said in a notice filed with the Competition Tribunal on Thursday that Google has “locked market participants into using its own ad technology tools” and is pushing the company to sell two of its ad technologies. tool. The U.S. Department of Justice (DOJ) said last week that Google should sell off Its Chrome browser, follow August court ruling It holds an illegal monopoly in search.

4. Australia passes social media ban targeting children under 16

Australia has passed the world’s first ban on the use of social media by children under the age of 16. This strict law may harm platforms such as ByteDance’s TikTok and Snapchat parent company Snap (break) and meta-platform (Mehta), owner of Facebook and Instagram. The government says social media platforms must take responsibility for ensuring children don’t have accounts, with those found guilty of “systemic breaches” facing fines of up to A$49.5 million ($32.2 million). Parents and their children will not face fines. The ban will take at least 12 months to take effect.

5. Disney’s “Moana 2” is expected to set a new Thanksgiving weekend box office record

Disney’s (DIS) moana 2 It’s about to set a Thanksgiving weekend box office record. The film had grossed $57.5 million as of Wednesday, including Tuesday’s previews, and looks set to hit a record-breaking five-day haul of more than $175 million through Sunday. deadline the report said. moana 2Universal Pictures ‘ evilParamount Pictures Gladiator II Helped generate $92.2 million in revenue across all games The publication said Wednesday was the second-highest box office day for movies this year.