The markets picked up some modest gains earlier in the afternoon with light trading, but pared those gains as investors took in news of another possible downgrade.
In economic news, the Commerce Department reported retail sales rose just 0.2 percent in November, following an upwardly revised 0.6 percent in October. Economists had expected a bigger gain in November.
A disappointing earnings report from Best Buy (BBY) today as the company reported a drop in fiscal third quarter earnings that fell short of analyst expectations, as did revenue.
Southwest Airlines (LUV) said today it will be the launch customer of Boeing’s (BA) new 737 MAX aircraft.
150 planes are on order and set to be delivered in 2017.
Procrastinators now have a few more days to take advantage of Amazon.com’s (AMZN) free shipping. The online retailer has extended its deadline for free shipping by Christmas to December 19th, for orders of $25 or more. The company said the best selling item on its website is the Kindle Fire.
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