Consumers spend record $6.1 billion online during Thanksgiving day
Portfolio Pulse from
Consumers spent a record $6.1 billion online during Thanksgiving Day, indicating strong retail trends as reported by CNBC's Courtney Reagan. This surge in online spending highlights the growing importance of e-commerce during the holiday shopping season.
November 29, 2024 | 3:45 pm
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POSITIVE IMPACT
The record $6.1 billion online spending on Thanksgiving Day suggests a positive impact on the Amplify Online Retail ETF (IBUY), which focuses on e-commerce companies.
IBUY is an ETF that tracks online retail companies. The record online spending on Thanksgiving Day indicates strong performance in the e-commerce sector, which is likely to positively impact the ETF's holdings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80