Stock Market Winners & Losers: S&P500 Looking to Build on Last Week’s Momentum| Holiday Shoppers are Starting Early This Year | The WNBA Marches into the Playoffs
The S&P 500 saw a slight rise as last week’s interest rate cut drove stocks to record highs. However, election risks are emerging, along with signs of softening in the lower labor market. Elon Musk’s X is expected to return to Brazil after complying with court orders, as Threads and Bluesky gained market share. Space Perspective successfully tested its balloon ride to 100,000 feet, selling 1,800 tickets at $125,000 each.
Holiday shopping is starting earlier, with 48% of shoppers planning to begin before Halloween. Shoppers are focused on price, promotions, and free shipping, though 21% are cutting back spending. Holiday sales are projected to grow by 3%, a slower pace than last year’s 4.3%.
Meanwhile, the WNBA playoffs began after a record-breaking regular season, with rising stars like Caitlin Clark and Angel Reese driving viewership. WNBA audiences surged by 170%, and the league secured a $2.2 billion media rights deal starting in 2026.
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