Claman on Call: Investors Digest Mixed Black Friday Retail Sales

By Markets FOXBusiness

U.S. stocks ended the day lower, with all five major indices finishing Monday in the Red. The tech-heavy Nasdaq snapped its longest winning streak since April 22, and the Russell 2000 slipped back into negative territory for the year. Meanwhile, crude oil rallied 4.3% in Monday's trade, posting its best one-day gain since August 2012.

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And investors are digesting seemingly conflicting Black Friday headlines: On one hand you had the National Retail Federation (NRF) reporting an 11% drop in holiday sales this past weekend. But on the other hand, we heard from a retailer with some skin in the game. GameStop President Tony Bartel told FBN that by backing up their sales calendar by a full eight days, GameStop scored big and surpassed analyst expectations for the week. Head to FOXBusiness.com/OnCall for the full interview, plus to see which video games should be in your holiday stocking.

Now, here's what's coming up tomorrow: We'll get October construction spending at 10 a.m. ET, then we'll also have November new car sales trickling in all day. Can the U.S. auto sector race to another strong month of gains? FBN will catch up with Mark Allen, the man responsible for the re-design of the Jeep Cheorkee that's been flying off car lots almost faster than GM can keep up with.

Be sure to check out all of today's interviews on FOXBusiness.com/OncCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

 

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