Stock Market Winners & Losers: Stocks Edge Higher After Record Week | Summer to See the Most Fliers Ever
The Dow Jones rose as investors moved from tech stocks to banks and energy, with Nvidia falling 4%. The S&P 500 is up nearly 15% this year, and key inflation data is expected on Friday. Americans are in an average of 15 loyalty programs, boosting repeat customer revenue by 25%. Ferrari's first EV will cost over $535k, far more than Porsche's $107.5k EV. Travel to Europe rose nearly 7% this year, and global air travel has surpassed pre-pandemic levels, with airline revenue expected to hit $996 billion. TSA screened a record 2.9 million passengers in a day last month, and business travel is rebounding. Despite high demand, US airlines lost $1.3 billion in Q1, leading to higher checked-baggage fees and in-flight ads to increase revenue.
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