Stock Market Winners & Losers: S&P 500 Trades Flat as Fed Rate Decision Looms | College is Still Worth it for Some
Winner: S&P 500 trades flat as Fed rate decision looms
The S&P 500 remained relatively stable as investors anticipated the Federal Reserve's policy decision, following a record high close the previous day. Intel saw a rise of over 1% after news broke that the White House intends to grant the semiconductor company $8.5 billion through the CHIPS Act.
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DoorDash expands its delivery to include cosmetics from brands like Sally Beauty and MAC Cosmetics, alongside its existing partnership with Sephora. Frankford Candy and Kraft Heinz have introduced pickle-flavored jelly beans, disrupting traditional Easter candy choices. Instagram surpasses TikTok in downloads with 767 million compared to TikTok's 733 million last year, though TikTok still leads in average daily time spent with 95 minutes.
Winner: College is still worth it for some
The rising cost of college and growing student loan balances have reshaped perceptions of higher education. Recent graduates with college degrees earn $24,000 more annually than those with just a high school diploma. College graduates typically earn $2.8 million over their lifetime, 75% more than high school graduates. Engineering and computer science majors offer the highest returns, while liberal arts, performing arts, and theology majors earn the lowest salaries, averaging $38,000 annually. Other low-earning majors include leisure and hospitality, history, fine arts, and psychology, all earning $40,000 or less per year. Teachers or early childhood education majors make around $48,000 annually.
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