5 things to know before the stock market opens on Monday, November 25th

Here are the most important news items investors need to start their trading day:

US stocks entered the shortened trading week on a positive note. of Dow Jones Industrial Average It rose about 2% last week and hit a new high at Friday’s close. of S&P500 and Nasdaq Composite Both rose by about 1.7%. The market will be closed on Thursday and trading will end early Friday morning due to the Thanksgiving holiday. Investors will be watching for signs of stronger holiday spending during Black Friday and some retail gains earlier in the week. Follow live market updates here.

Tuesday will be the bulk of the retail industry’s busiest day of earnings. companies like best buy, Abercrombie & Fitch Dick’s Sporting Goods will provide early information on consumer spending for the all-important fourth quarter. meanwhile, Macy’sThe company, which was scheduled to report on Tuesday, postponed its earnings release due to accounting issues, but said third-quarter sales were down about 2%. Here are the key reports for the coming week:

starbucks There is a problem at the airport. CEO Brian Nicol is trying to reverse several consecutive quarters of declining sales, but licensed stores such as airports and Target stores are dealing with long lines. “We can simplify some of the execution,” he said. The company’s ability to improve efficiency at its locations will be tested during the busy Thanksgiving travel week.

Popular. “Wicked” is expected to gross $114 million domestically and $164.2 million worldwide during its opening weekend, according to Sunday estimates. After many years of struggle to get audiences to see the musical, this is the best debut ever for a Broadway film adaptation. Meanwhile, Gladiator II opened to $55.5 million domestically and is expected to reach $221 million worldwide by the end of the week after opening in select markets outside the U.S. earlier this month. Masu.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is the distributor of “Wicked.”

– CNBC’s Hakyung Kim, Jeff Cox, Sam Meredith, Ece Yildirim, Leslie Josephs, Amelia Lucas and Sarah Whitten contributed to this report.