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Midday Market Update

U.S. Shares Lower on Cyber Monday

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U.S. Markets
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.