Transcription:
Conway Gittens: This is Conway Gittens reporting from the New York Stock Exchange. This is what we are seeing today on TheStreet.
The Dow, S&P 500 and Nasdaq are trading at record levels as investors cheer a quick resolution to the 2024 presidential election. Investors are buying stocks in sectors they believe will benefit from what they expect to happen during Trump's second term. Donald Trump: lower taxes and lighter regulations.
Related: Target cuts prices ahead of holiday shopping surge
In other business headlines, if you're interested in shopping the latest trend this gift-giving season, you'll need a much bigger tree. That's because huge flat-screen TVs are flying off store shelves this year. I am referring to televisions 97 inches diagonally or larger.
New technologies and falling component prices mean that TVs are getting bigger, while their prices are getting lower. However, these huge TVs still cost quite a bit of money. Depending on the variety of details, you could pay between $1,700 and $3,000. Those prices, however, are down about 50 percent from a year ago, according to one consumer products watcher.
Consumers are responding to price cuts and opting for larger quantities when choosing their new TV. For example, sales of a 98-inch TV have soared nearly 900 percent over the past 12 months, market research firm Circana told CNN.com, while sales of models between 75 and 96 inches have decreased during the same period.
These extra-large TVs could be a saving grace for many retailers this holiday season. Best Buy, Target, Costco and Walmart are already offering holiday deals as holiday shopping deals start early.
That will be enough for your daily report. From the New York Stock Exchange, I'm Conway Gittens of TheStreet.
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