| This email is coming from an unmonitored email account. Please do not respond to this message. | | | | | | | | | Market Recap | | | | | Dow Jones | 33,839.08
(+1.7%) | | S&P 500 | 4,317.78
(+1.89%) | | Nasdaq | 13,294.19
(+1.78%) | | Tesla | $218.51
$12.85 (+6.25%) | | Roku | $78.05
$18.35 (+30.74%) | | | | | | | | | | | | | Budgets, deals, and timing: America shops for the holidays | | | | The typical shopper will spend more than $1,000 on gifts this season – and that's accounting for tighter budgets in the face of high inflation, and the fact that more than half of people don't feel comfortable with the amount they have in savings. Find more insights in SoFi's Spending & Savings Study.
Read more>> | | | |  | | | | | | | | MARKET RECAP | | | | US stocks rose on Thursday amid growing optimism the Federal Reserve is done raising rates, sending the 10-year Treasury yield lower | | | | - It was an earnings bonanza, and companies including Shopify, Starbucks and Eli Lilly beat expectations. Shopify shares surged more than 22%, Starbucks stocks jumped 9.5%, and Eli Lilly shares rose 4.7%.
- Roku shares climbed 31% after announcing year-over-year revenue grew 20% and adding 2.3 million active accounts.
- Tesla shares rallied 6.3% following a confluence of factors including a report showing growth in China sales year-over-year.
- Weekly jobless claims rose to the highest level in nearly two months, while the number of continuing claims increased to its highest level since April.
| | | | What to be on the lookout for today | | | | - We'll close out the week with the October jobs report, the latter of which saw an unexpected addition of 336,000 jobs in September. ISM services data for October will also be released.
- Dominion Energy and Cinemark will report earnings.
| | | | | | | | How to save money when flying for the holidays | | | | Traveling during the holidays is often expensive (not to mention crowded, but there's not much we can do about that). Here are some tips to budget strain of holiday travel.
Don't procrastinate
The closer we get to the holidays, the more demand is likely to increase, so don't wait and book your itinerary earlier rather than later to help you get better prices.
Travel on off-peak days
You can save money on airfare depending on what day of the week you fly. For Thanksgiving, don't wait to travel on the Wednesday prior when everyone rushes to the airport.
Similarly, Christmas falls on a Monday this year, so the weekend before will likely be busy – and therefore more expensive – for travelers.
Pay in a smart way
Some credit cards offer higher rewards for travel spending, so review your card choices to pick the most advantageous one to use to buy the tickets.
Learn more about how to budget better this holiday season with SoFi's Holiday Spending Guide. | | | |  | | | | | | | | Today's top stories | | | | | | | | Winter months promise lower gas prices | | | | The average price of gas has come down more than $0.40 per gallon since the summer, relieving budget-stretched Americans who rely on cars. But this comes with a caveat.
Read more >> | | | | What happened in the market in October 2023 | | | | SoFi's Head of Investment Strategy Liz Young brings you the market lookback.
Read more >> | | | | Working remotely? Here's how to save on electricity bills | | | | Working from home has its benefits, including saving money on commuting, and lunches. But running your office from home also increases your electricity use. Learn more about saving on your energy bills.
Read more >> | | | | | | | | | | Other news that caught our eye | | | | | | | | | | Financial planner tip of the day | | | | "If it works with your income, the 50/30/20 budget is one simple method for people starting to reorganize their finances. This budget allocates 50% of your income for essentials, like rent and bills, 30% toward personal day-to-day spending, and 20% for savings or financial goals." | | | | – Brian Walsh, CFP® at SoFi | | | | How did you like today's newsletter? | | | | | | | | This email was sent to you at paidmellc@gmail.com by SoFi Wealth LLC. (SoFi) because you're enrolled in the SoFi Daily. If you do not want to receive SoFi Daily emails, click here to unsubscribe.
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