Dec. 4 at 11:40 AM
Retail & Cyber Monday
Cyber Monday spending looked strong on the data, however the market reaction was mixed.
Adobe (
$ADBE) estimated
$14.2B in online spend, up 6% YoY, with peak run-rate near
$16M/minute later in the evening.
Williams-Sonoma (
$WSM) up modestly; Best Buy (
$BBY) down -2.6%.
Shopify (
$SHOP): worst name in the
$SPY, -6% after POS/Admin login issues on one of the most important days of the year.