Stock Market Winners & Losers: S&P 500 Falls for a 3rd Day | McDonalds Stocks Falls Sharply After E.Coli Outbreak | Fewer Highschoolers are Enrolling in College
The S&P 500 fell for a third straight day as Treasury yields climbed, with the 10-year yield hitting 4.23%. McDonald’s shares dropped over 7% following an E. coli outbreak linked to its Quarter Pounders, resulting in one death and 49 reported cases. While rival chains like Burger King and Wendy's saw stock gains, analysts believe McDonald's is handling the situation effectively.
Meanwhile, existing home sales in August hit their lowest point in nearly 14 years, despite rising prices. Target plans to cut prices on 2,000 items to compete with Walmart for holiday shoppers.
Fewer high schoolers are opting for a four-year college path as tuition costs continue to rise. Private college tuition and board now average $58,600, while public in-state colleges cost $24,920 annually. Shorter-term certificate programs are gaining popularity, with enrollment up 7.3%, as rising costs and student debt become more significant concerns.
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