Holiday spending surged, but returns are expected to hit 17% of U.S. merchandise sales, totaling $890 billion, highlighting the strain on reverse logistics. Uber's acquisition of Foodpanda was blocked by Taiwan's Fair Trade Commission,

Wall Street's main indexes opened lower on Thursday in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a year-end boost from the so-called Santa Claus rally.

The S&P 500 posted two new 52-week highs and one new low, while the Nasdaq Composite recorded 26 new highs and 43 new lows.

Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market.

Wall Street's main indexes were set for a slightly lower open on Thursday in light trading volumes after the Christmas holiday, as investors took stock of their portfolios and looked for a year-end boost from the so-called Santa Claus rally.

Wall Street’s holiday cheer ended abruptly today, with all three main benchmarks slumping in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week.