Stock Market Winners & Losers: S&P 500 Inches Higher to Record | Air Travel Demand is Breaking Record Profits Are Not | Minions Take Over the Box Office
The S&P 500 hit a record high on Monday as investors awaited key inflation data due later this week. Recent labor data hinted at a cooling market, boosting hopes for a rate cut.
Hurricane Beryl led to over 1,300 flight cancellations, with United Airlines and Southwest Airlines most affected. Paramount is merging with Skydance.
Despite record summer travel demand, U.S. airlines face profit challenges due to higher costs. Airfares to Europe have dropped, and Delta's earnings report is anticipated.
"Despicable Me 4" debuted strongly, marking a box office resurgence. Despite ticket sales being down from pre-pandemic levels, several films, including "Inside Out 2" and "A Quiet Place: Day One," performed well. "Deadpool & Wolverine" is also expected to have a strong opening later this month.
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