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Stock market news: Opening bell, November 23, 2018



traders santa
Claus pays a visit on the floor at the New York Stock Exchange
(NYSE) in New York, U.S., November 21, 2018.

Brendan Mcdermid/Reuters

Here is what you need to know.

  1. Chinese stocks plunge into the weekend
    Shanghai Composite slumped 2.5% as investors worried about the
    trade war ahead of next week’s G20 meeting between Presidents
    Donald Trump and Xi Jinping.

  2. Oil prices hits the lowest level in more than a
    West Texas Intermediate crude fell 4% to as
    low as $51.73 a barrel despite Saudi Arabia’s proposed
    production cuts. 

  3. Goldman Sachs is sued over the 1MDB scandal
    In a
    civil suit, the Middle Eastern investment giant IPIC alleged “a
    massive, international conspiracy to embezzle billions of

  4. Black Friday now officially starts on the Wednesday before
    Thanksgiving, but many retailers are unprepared

    Companies including Walmart, GameStop, and Lululemon
    experienced technical difficulties online on Thursday.

  5. Facebook’s communications team hired an opposition-research
    firm to smear George Soros

    outgoing boss of policy and communications, Elliot Schrage,
    took the blame in a memo Wednesday after a New York Times
    investigation revealed ties to Definers. 

  6. Carlos Ghosn is out as Nissan’s chairman
    The auto
    executive was ousted following his arrest in Tokyo on Monday on
    charges of financial misconduct. 

  7. Goldman Sachs uncovered a hedge fund-investing strategy that’s
    beaten the stock market for the last 15 years
    firm has lists of stocks that investors should be buying and
    dumping right now. 

  8. GameStop is selling its AT&T Wireless stores for $700
    The company agreed to the sale to Prime
    Communications, turning its focus on the video game and
    collectibles industries. 
  9. US stock
    futures are lower
    Dow futures are down 132
    points, or 0.54%, and S&P 500 futures are down 13 points,
    or 0.5%.
  10. The stock market
    closes early
    Trading will conclude at 1 p.m.
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