Bank of America's Winter Spending survey reveals the resilience of younger generations in holiday spending despite tight budgets and adoption of 'Buy Now, Pay Later' services. Millennials and Gen Z least inclined to reduce spending, but deposit balances decreasing.
U.S. stocks are kicking off the Thanksgiving holiday week on a positive note, with all major Wall Street indices trading in the green as of midday in New York.
The CNN Money Fear and Greed index showed an improvement in overall market sentiment, with the index moving to the "Greed" zone on Friday.
U.S. stocks closed slightly higher on Friday, with the S&P 500 notching gains for the third straight week. The S&P 500 gained 2.2% last week, while the Dow Jones ended the week with a 1.9% gain.
Wall Street experienced a relatively quiet session as the week came to a close, with the three major averages hovering around parity in midday trading in New York, yet still on course for their third successive week of gains.