Dow 30,000, Gap, VMware, Coronavirus: 5 Things You Must Know

Here are five things you must know for Wednesday, Nov. 25:

1. — Stock Futures Wobble After Record-Setting Day

Stock futures were mostly lower Wednesday, a day after the Dow Jones Industrial Average and S&P 500 closed at record highs and ahead of a raft of U.S. economic data including jobless claims and consumer sentiment.

Contracts linked to the Dow Jones Industrial Average slipped 85 points, S&P 500 futures were down 7 points and Nasdaq futures rose 17 points.

Stocks finished higher Tuesday and the Dow closed above 30,000 for the first time as President-elect Joe Biden was given the go-ahead to formally begin his transition and Wall Street bet on more fiscal stimulus as reports said former Federal Reserve Chair Janet Yellen would be nominated for Treasury secretary.

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