That SPDR S&P 500 ETF Trust SPY was trading higher on Wall Street in a holiday-shortened week as investors cheered for a more dovish tone the Federal Reserve.

On Wednesday, the Federal Open Market Committee released its November meeting minutes, and the Fed’s rhetoric suggests that it is likely to choose to back the pace of its rate hikes to 0.5% in December. The Fed said slower rate hikes were “probably appropriate soon” and could “reduce the risk of instability in the financial system”.

Walt Disney Co DIS announced on Sunday that it will replace the CEO Bob Chapek with former CEO Bob Iger, news that sent Disney shares up 6% on Monday. Chapek replaced Iger as CEO in early 2020, but has faced criticism over rising costs and Disney’s poor stock price performance.

Bitcoin BTC/USD Prices fell to fresh two-year lows below $15,500 on Tuesday amid lingering concerns that the bankruptcy of cryptocurrency exchange FTX could spark contagion in the crypto market. New York governor Kathy Hochul also signed a new law on Tuesday banning carbon-based bitcoin mining in the state for at least two years.

Retailers kicked off the critical holiday shopping season with Black Friday sales on Friday. Adobe Inc ADBE Online shoppers are estimated to spend $34.8 billion in the five days from Thanksgiving Day to Cyber ​​Monday, up 2.8% from a year ago.

Related link: Retail Stocks Mixed on Black Friday After Record Thanksgiving Day Sales: What You Need to Know

Dick’s delivers: DICK’S Sporting Goods Inc DCS Shares rose more than 10% on Wednesday after the retailer reported third-quarter profits, revenue and same-store sales that beat analysts’ expectations.

The reporting season for the third quarter will continue next week with reports from Pinduoduo Inc – ADR PDD on Monday, Hewlett Packard Enterprise Co HPE on Tuesday and Xpeng Inc – ADR XPEV and Salesforce Inc CRM On Wednesday.

So far, the S&P 500 companies posted their lowest earnings growth in the third quarter…