How Thanksgiving & Black Friday affected the AI-42 INDEX™: New All-Time-High!
Black Friday is the name given to the first day after Thanksgiving. It is one of the most important retail and spending events in the United States. Every holiday season prognosticators make predictions about the level of sales on Black Friday, and investor confidence may be affected by whether or not those expectations are met or exceeded.
If consumers follow up Thanksgiving by spending a lot of money on Black Friday and retailers show strong numbers, investors might have their first indication that it is shaping up to be a particularly profitable shopping season. This confidence can be reflected in the stock prices of the retailers that post strong sales. Conversely, many take it as a sign of trouble if retailers are unable to meet expectations on Black Friday. Concern over the health of the economy is magnified if consumers are perceived to be reigning in their spending.
The AI-42 INDEX™ gained significantly over the period, starting from 15.598,03 points rising to a new all-time-high of 16.130,65, gaining +1.24% on November 25th, +1.56% on Friday, November 27th and continuing with +0.51% on December 1st.