Stock Market Winners & Losers: S&P 500 Few Changes as Investors Await Jobs Report | Diamonds Demand Starting to Dwindle | $21B Lawsuit That Could Break the NFL
The S&P 500 remained largely unchanged as investors awaited the latest jobs report, following a recent record high close. Meanwhile, Lululemon surged 8% after exceeding expectations. In contrast, the diamond industry faces dwindling demand due to declining marriage rates, increased interest in alternative gems like lab-grown diamonds and gold, and a shift in consumer spending toward travel experiences post-pandemic. Diamond prices have dropped significantly, with half of engagement ring stones in the U.S. expected to be lab-grown this year. On another front, the NFL is embroiled in a $21 billion lawsuit over its "Sunday Ticket" package, alleging antitrust violations. The suit challenges the league's broadcasting model and claims collusion between NFL teams and DirecTV to maintain high prices, potentially leading to substantial damages.
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