U.S. stocks set for shortened trading day as economic outlook shifts

U.S. stocks will have a shortened trading day on Friday after being closed for Thanksgiving. Prior to the holiday, equities fell as some investors reduced their holdings in major tech companies. The Dow Jones and S&P 500 remain close to all-time highs. The 2024 presidential election may influence consumer spending. Voters who supported President-elect Donald Trump show a more positive economic outlook than those who backed Vice President Kamala Harris, potentially affecting their purchasing behavior. India's economy grew by 5.4% in the fiscal second quarter, the slowest rate in nearly two years and below expectations. Economists predict continued moderation in economic activity for the world's most populous country into 2025.