Holiday spending surged, but returns are expected to hit 17% of U.S. merchandise sales, totaling $890 billion, highlighting the strain on reverse logistics. Uber's acquisition of Foodpanda was blocked by Taiwan's Fair Trade Commission,

Wall Street's main benchmarks closed lower on Friday in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week. Lisa Bernhard has more.

The S&P 500 posted two new 52-week highs and one new low, while the Nasdaq Composite recorded 26 new highs and 43 new lows.

U.S. stock index futures slipped on Friday, with another quiet holiday session expected. Wall Street put in a muted performance on Thursday, potentially derailing a Santa Claus rally. With less than an hour remaining ahead of the opening bell,

Technology stocks led a broad rally on Wall Street during a holiday-shortened trading session the day before Christmas.

Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market.

Wall Street's main indexes opened lower on Thursday in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a year-end boost from the so-called Santa Claus rally.

Wall Street’s holiday cheer ended abruptly today, with all three main benchmarks slumping in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week.

Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 slipped less than

Wall Street's main indexes were set for a slightly lower open on Thursday in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a year-end boost from the so-called Santa Claus rally.