Tuesday, 1 December 2015

Wall St dips with health, consumer shares; gains for Nov

US stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks. 

The three major stock indexes posted a second straight month of gains, however, helped by financial shares, which were up 1.7 percent, while utilities were down 2.8 percent for the month. Retail stocks were down on Cyber Monday, the biggest online shopping day of the year. The S&P retail index was down 1 percent, while Target shares fell 1.3 percent to USD 72.50 after its website faced an outage due to heavy traffic. Shares of brick-and-mortar stores were down following Black Friday, including Wal-Mart Stores Inc, down 1.8 percent at USD 58.84, and Macy's Inc, down 2.3 percent at USD 39.08. Sales on Cyber Monday, the busiest day of the year for internet shopping, were up 14 percent from a year earlier, according to data. 

Federal Reserve Chair Janet Yellen is due to address Congress on Thursday and give a speech on the economic outlook the day before.

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