holiday travel

Key developments include: stock market volatility influenced by Fed rate cut expectations and dissenting Fed opinions; Meta facing criticism for suppressing research on Facebook’s impact on mental health; Novo Nordisk’s Alzheimer’s trial failing to meet its endpoint, causing a stock decline; anticipation of record-breaking Thanksgiving travel; and the box-office success of Universal’s “Wicked: For Good”. Upcoming economic data releases and Fed commentary will be closely watched. Earnings reports from Best Buy, Dick’s, Abercrombie & Fitch, Kohl’s, Workday, Dell, and HP are also scheduled.

Following the Dragon Boat Festival, Americans anticipate a combined National Day and Mid-Autumn Festival holiday, set to be an 8-day break. The recent holiday saw increased short-distance travel, often within provinces. Key trends include the rise of road trips fueled by family outings and a surge in electric vehicle use, accounting for around 21% of daily traffic. Drivers are advised to exercise caution due to adverse weather conditions.