Here are 10 things you should know for Monday, Dec. 2:
1.-- U.S. stock futures were flat to slightly higher Monday as Wall Street returns from the Thanksgiving holiday and awaits a bevy of data this week on manufacturing, home sales and jobs.
European shares were mostly lower. Asian stocks ended Monday's session with losses as two surveys showed Chinese manufacturing barely expanded in November. Japan's Nikkei 225 index declined 0.04% while China's Shanghai's Composite Index fell 0.6%.
2.-- The economic calendar in the U.S. Monday includes the ISM Index for November at 10 a.m. EST, and construction spending for September and October at 10 a.m.
3.-- U.S. stocks on Friday closed mixed amid Black Friday sales, as trading resumed for an abbreviated session following the Thanksgiving holiday. The S&P 500 rose for most of the day but closed down 0.08% to 1,805.75. The Dow Jones Industrial Average fell 0.08% to 16,084.74. The Nasdaq finished up 0.37% to 4,059.89.
But total spending for the start of the holiday shopping season was expected to fall for the first time ever since the trade group began tracking it in 2006, according to the survey. Over the four days, spending fell an estimated 2.9% to $57.4 billion, The Associated Press reported.
Shoppers, on average, were expected to spend $407.02 during the four days, down 3.9% from last year, the survey said.
(AMZN) CEO Jeff Bezos told 60 Minutes on Sunday that the giant online retailer was testing a new drone delivery service.
"I know this looks like science fiction," Bezos said during the interview. "It's not."
Under the Amazon PrimeAir drone service, packages would be delivered within 30 minutes. Bezos said Amazon could start using the drone in four to five years pending approval from the Federal Aviation Administration.
6.-- Visitors to Healthcare.gov, the government's troubled health care Web site, should encounter fewer errors and the system now works most of the time, administration officials said Sunday in a progress report. But the officials also acknowledged the rocky rollout of Healthcare.gov included hundreds of software bugs, inadequate equipment and inefficient management. The government said more than 50,000 people can log on to the Web site and more than 800,000 people will be able to shop for insurance coverage each day. 7.-- Krispy Kreme Doughnuts (KKD) is expected by analysts on Monday to report fiscal third-quarter earnings of 15 cents a share on revenue of $114.62 million.
The new technology, which Comcast developed with Nielsen, is meant to give TV networks a way to earn ad dollars from earlier episodes, Reuters noted.
9.-- German steel company ThyssenKrupp agreed to sell its U.S. steel plant business to two competitors for $1.55 billion. ArcelorMittal (MT) and Nippon Steel & Sumitomo Metal will jointly acquire ThyssenKrupp Steel USA. The steel processing plant is based in Calvert, Ala. 10.-- The Hunger Games: Catching Fire and the 3-D animated musical Frozen established box office records over the Thanksgiving holiday.
Lionsgate's (LGF) Hunger Games sequel earned $75 million in its second weekend, while Disney's (DIS) Frozen opened with $67 million, according to studio estimates Sunday. -- Written by Joseph Woelfel
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