What you need to know today

Mixed markets
U.S. stocks traded mixed Monday, with the Dow Jones Industrial Average the only major index to rise. Europe’s Stoxx 600 gained 0.75%, with almost all sectors and major bourses in positive territory. Siemens Energy shares popped 6% on reports the German government will provide a financial guarantee to safeguard the company’s order book.
Consumer spending fell
U.S. October retail sales, excluding autos and gas, fell 0.08% month on month, while core retail, which excludes restaurants, declined 0.03%, according to the new CNBC/NRF Retail Monitor. The data differs from the Census Bureau’s retail sales report as it’s the result of actual consumer purchases — analyzing over 9 billion anonymized credit and debit card transactions — while the Census relies on survey responses.
Exxon invests in green tech
Exxon Mobil, one of the world’s largest oil and gas companies, said it aims to become a leading producer of lithium for electric vehicle batteries. The company will kick off this plan through a drilling operation it’s launching at a geological site it purchased earlier this year in southern Arkansas. Exxon said it will produce battery-grade lithium at the site as soon as 2027.
Jumbo Emirates order
Emirates Airline is ordering 95 Boeing aircraft in a deal worth $52 billion. Dubai’s state-owned flagship carrier is ordering 55 Boeing 777-9s and 35 777-8s, bringing the airline’s total orders for the 777X widebody jets to 205 units. This is the first major deal of the 2023 Dubai Airshow. $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $Exxon Mobil(XOM.US)$