Stock Market Winners & Losers: Stocks Move Lower Following Inflation Data | WrestleMania 40 Highest Grossing Event in WWE History
Loser: Stocks Move Lower Following Inflation Data
Stocks initially rose with the release of producer price index (PPI) data but later turned lower. March saw a 0.2% increase in PPI from February, compared to February's 0.6% growth, with a year-over-year increase of 2.1%. Although consumer prices showed higher-than-expected readings recently, these inflationary trends are not overly concerning. The S&P 500 was down approximately 2.5% from its late March high, a relatively minor pullback by historical standards.
Winner: WrestleMania 40 Highest-Grossing Event in WWE History
WrestleMania 40 shattered WWE records as its most successful live event. Held over two nights in Philadelphia, it saw a 78% increase in gate attendance and a 41% rise in viewership compared to last year. Merchandise sales surged over 20% in partnership with Fanatics. The event offered immersive experiences at the WWE World experience and a vast array of merchandise at the WWE Superstore. Social media engagement soared, with over 660 million views across WWE's channels, and the WWE YouTube channel hit a record high of 67 million views in 24 hours. Notably, Dwayne "The Rock" Johnson returned to WWE in a tag team match, his first since 2016.
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