5 things to know before the stock market opens Friday, December 13

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President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with his wife Melania, after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York City.

Spencer Platt | Getty Images

3. Costco e-commerce

Customers push shopping carts through a Costco store on December 11, 2024 in Novato, California.

Justin Sullivan | Getty Images

Wholesaler Costco

is scoring big online. The company said Thursday e-commerce sales during its most recent quarter were up 13% from the same period a year earlier. The company beat Wall Street estimates on the top and bottom lines for its fiscal first quarter of 2025. Revenue and net income were both up year over year, boosted in part by higher membership fees.

4. Early departure

Federal Aviation Administration (FAA) Administrator Michael Whitaker testifies before the House Committee on Transportation and Infrastructure Subcommittee on Aviation at the Rayburn House Office Building on September 24, 2024 in Washington, DC.

Kevin Dietsch | Getty Images

FAA head Michael Whitaker will step down from his post on Jan. 20. The top aviation regulator was nominated by President Joe Biden in October 2023 to a five-year term, but will leave his position as Trump takes office. It comes at a time of heightened FAA oversight of aircraft manufacturer Boeing. “You have seen leadership come and go — and through every transition you have kept air travel steady and safe. This transition will be no different,” Whitaker said in a statement.

5. Mall mentality

Lindsey Hyams, 23, of Marlboro, NJ, likes to shop online, but she often ends up going to the mall to make purchases. She said she likes to skip the wait for online purchases to arrive and the hassle of packing up returns.

Shawn Baldwin | CNBC

Gen Z is all about the mall. The cohort, a growing spending force, shops at physical stores at the same rates as their grandparents, diverging with generations in between and seemingly defying their digital tendencies. The trend is a boon for shopping malls, which have begun to cater specifically to teens and twenty-somethings with store features and experiences.

– CNBC’s Sean Conlon, Hakyung Kim, Kevin Breuninger, Melissa Repko, Leslie Josephs and Michael Sheetz contributed to this report.

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2024-12-13 12:28:09