EDITOR'S NOTE
Thanksgiving usually gives stock investors reasons to be thankful.
In the past 66 years, the Dow Jones Industrial Average has only posted 16 losses on the Wednesday and Friday surrounding the holiday, combining results from the two days, according to the Stock Trader's Almanac.
Notably, however, two of those 16 times were the past two years, writes CNBC's Yun Li, so we'll see what happens starting tomorrow.
Longer term, stock investors may have to come to grips with an economy that continues slowing.
On Tuesday, the Conference Board released consumer confidence numbers that were down for the fourth consecutive month. And Dallas Federal Reserve President Robert Kaplan told CNBC that he expects U.S. economic growth to slow substantially in the fourth quarter because the trade war has pushed businesses to cut inventories.
"We think the fourth quarter is going to be weak," he said.
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 D
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