Good morning! For Dec. 2, 2015, here is the top stock market news...
Futures for the Dow Jones Industrial Average today (Wednesday) were up 45 points ahead of remarks by U.S. Federal Reserve Chairwoman Janet Yellen.
The Nasdaq was on the rise after The Wall Street Journal reported late yesterday the board of directors at Yahoo! Inc. (Nasdaq: YHOO) is considering selling the company as it struggles to build organically under the helm of CEO Marissa Mayer. The firm has seen its advertising market share erode as competitors Alphabet Inc. (Nasdaq: GOOG, GOOGL) and Facebook Inc. (Nasdaq: FB) dominate the space. The board will meet today to begin exploring the option of a sale.
Yesterday, the S&P 500 closed above 2,100 for the first time in almost one month. The Dow Jones Industrial Average gained more than 168 points despite news the U.S. manufacturing sector contracted in November to its lowest level since June 2009. The Institute for Supply Management (ISM) announced its monthly reading on national factory activity slipped to 48.6. It marked the first time since November 2012 that the reading fell below 50, a level indicating a contraction in the domestic manufacturing sector.
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