Dow Hits a Record, FB Falls, Red Lobster Suffers, and Target Repents
If you're like most of Wall Street, you're off crushing last-minute gift shopping (just get us some design-your-own custom whiskey). Because just after the market's biggest performance in months, the Dow eked out only a small 11-point gain Thursday as weekly jobless claims ticked up again.
2. Red Lobster might get sold as sales plummet
Didn't order the bottomless uber-fried shrimp last night? Neither did most Americans. That's the problem for the owner of Red Lobster, Darden Restaurants , which dropped 3.6% Thursday after a brutal tasting earnings report. Consumer traffic at Red Lobster was down 7.7% last quarter and sales have fallen more than 20% since 2012 -- similar to Darden's other restaurants, Olive Garden and LongHorn Steakhouse.
3. Target stock drops after major security breach
The target for identity thieves was shoppers' credit cards. The place was the home of the "Miley Cyrus Baby Onesies Line," Target . And the time was 20 days between Thanksgiving and mid-December. Now 40 million angry holiday tiger-shoppers are at risk of identity fraud as their credit and debit card accounts may be affected.
The third and final estimate of third-quarter GDP
Kansas City Manufacturing Survey
MarketSnacks Fact of the Day: "Silent Night is the most popular Christmas song ever -- it's been professionally recorded 733 times since 1978.
As originally published on MarketSnacks.com.
The article Dow Hits a Record, FB Falls, Red Lobster Suffers, and Target Repents originally appeared on Fool.com.Fool contributors Jack Kramer and Nick Martell have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Facebook. It also owns shares of Darden Restaurants. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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