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Morning Business Outlook: 11/26/12

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  • Description

    Wall Street turns focus to Cyber Monday

  • Duration 1:36
  • Date

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Good morning it was Wall Street's first the -- Friday since 20088.

Check this out the Dow surged 172.

Points closing back above thirteen -- -- It was the blue -- best week since June.

Volume came in light less than half the monthly average but the major averages still ending comfortably in the plus column.

For the NASDAQ -- 4% weekly gain brings -- string of six weekly declines to an end.

Much of Wall Street's focus today is on the consumer.

This Cyber Monday is expected to bring in sales of one and a half billion dollars marking a 20% increase over last year according to research firm comScore.

It is expected to be -- busiest online shopping day of the year for the third year in a row but that.

Is -- sentenced Allen.

Other days have become hugely popular online shopping like Black Friday.

Online sales then topped a billion dollars for the first time ever.

It's in the Black Friday.

This -- the full weekend shaped up a record 247.

Million shoppers visited stores and their web sites.

They spent 423 dollars each more than 59 billion dollars in all according to The National Retail Federation.

Market for all 360 for items in the twelve days of Christmas Carol get ready to shell out 6% more this year or a total of a 107000.

Dollars according to PNC wealth management.

We can -- -- the partridge snow that's fifteen bucks and that business from pilot on to foxbusiness.com.

In New York online so minute.

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