Stock Market Winners & Losers: Investors Try to Shake Off Sluggish June | Do Americans Have Concert Fatigue? | Cruise Lines are Sailing Again
In June, the S&P 500 experienced a slight dip as investors grappled with uncertain market conditions. Stocks like Chevron, Dow Inc, and Caterpillar saw minor declines, while Bath & Body Works suffered a significant loss due to disappointing guidance. Employment data also revealed a decrease in job vacancies. Elsewhere, forecasts indicate a spike in electric bills due to soaring summer temperatures. Major sponsors like Toyota and McDonald’s are reportedly reconsidering their commitments to the Olympics, citing declining viewership. Starbucks faces customer dissatisfaction over long wait times, while American Express targets younger demographics with new benefits. Meanwhile, concert fatigue seems to be impacting ticket sales for major acts like Jennifer Lopez. However, cruise lines are experiencing record bookings and rising stock prices, with demand outpacing capacity and leading to higher prices.
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