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Blockbuster Cyber Monday Is Overshadowed by Economic Outlook

  • Interest rates, trade war looms over U.S. holiday spending
  • Outlook for cars, homes more important than seasonal purchases
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Blockbuster Cyber Monday
Updated on

Shoppers are on track to spend an estimated $7.8 billion on Cyber Monday -- a record -- boosting a strong holiday shopping season. And Wall Street seems to be mostly shrugging it off.

Consumers dropped $531 million online as of 10 a.m. New York time, according to Adobe Inc., on track for about an 18 percent increase from a year ago. Top items include Little Live Pets, animal dolls that kiss and lick, the Nintendo Switch and Beats headphones.