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Wall Street overreacts as analysts expect little impact to holiday sales.
November 27, 2021
By: TOM BRANNA
Editor
The latest Covid variant, Omicron, had investors selling, but holiday shoppers buying on Black Friday. The Dow Jones Industrial Average plunged more than 2% yesterday on the latest Covid news. But analysts said Omicron will have little impact on sales during the weeks leading up to Christmas. In fact, analysts predict Black Friday sales in the range of $8.8 to $9.6 billion. That compares favorably to the $9.03 billion spent in 2020 and $7.43 billion spent in 2019. Some analysts are predicting a ...
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