U.S. shares opened in the red Monday morning after reaching historic highs last week. The Dow and S&P 500 were down 0.34% and 0.42%, respectively. The Nasdaq was down by 0.41%.
Cyber Monday is likely to be the biggest online shopping day in history, as per data from Adobe Systems (ADBE). Adobe forecast online sales to top $3.36 billion this year and is expecting the overall holiday sales to increase by about 11% compared with last year.
Manjul Bhusal Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.