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The holiday shopping season is expected to start early be pretty strong for online spending. Amazon stock has stalled out since early July. Adobe projects U.S. online sales to reach $240.8 billion from Nov. 1 through Dec. 31, up 8.4% from 2023.
Data shows General Motoers, Walmart, LG Electronics have the greatest exposure to the ongoing union dockworkers' strike impacting dozens of ports on the East and Gulf coasts.