Stock Market Winners & Losers: S&P 500 Rises to Kick Off New Week | NBA Agrees Framework Deals with Amazon & ESPN
Winner: S&P 500 rises to kick off new week
Stocks ticked up as traders looked ahead to a busy week of corporate earnings and the Federal Reserve meeting. Apple, McDonald’s, Coca-Cola, and Amazon are among the companies releasing quarterly results. Early signs indicate a strong earnings season, with about 80% of companies surpassing expectations.
Winner: NBA agrees ‘framework’ deals with Amazon and ESPN
The NBA has reportedly agreed on media rights deals with Amazon Prime Video and ESPN, aiming to double its previous $26 billion deal. Prime Video will feature key matchups, while ESPN retains rights to the NBA Finals but with fewer games. Both agreements, expected to last a decade, may also include the WNBA. Apple, Google, and NBC were also considered bidders.
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