Econ Recaps

Weekly recap and what you might have missed this week


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In this recap, the S&P 500 closed slightly up, with the consumer discretionary sector performing well due to Amazon's stock increase. However, the materials sector struggled due to mining companies like Freeport Mcmoran and Albemarle reporting negative news. Other notable events include Lyft announcing a significant layoff, Google pausing construction on their San Jose campus, BlackRock's CEO selling shares, Wells Fargo updating their equity ratings, and a Federal Reserve Board member discussing inflation. Additionally, there were events such as Southwest grounding flights, Fox Corporation settling a defamation lawsuit, Disney and Meta planning layoffs, Western Alliance posting better-than-expected earnings, Taiwan buying American missiles, and Proctor and Gamble reporting strong earnings. Tune in for more updates and have a great night!
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Econ RecapsBy Corben Benda