Stocks to Watch
Federal Reserve Chairman Jerome Powell left the door open to further rate increases, which had a positive impact on stocks. The S&P 500 and Nasdaq Composite both rallied, signaling optimism in the market.
The Economy
Growth in the less-expensive luxury category has lagged behind high-end brands. Coach owner Tapestry's acquisition of Capri Holdings aims to find a balance between price and volume in the accessible luxury market.
Other Significant Events
The Wall Street Journal's Evan Gershkovich is being wrongfully detained in Russia after being accused of spying. Investors are keeping an eye on Toast, the restaurant payments and software provider, as it focuses on growth and expanding its services. Amazon and Mark Cuban are disrupting the pharmacy-benefit manager market with new strategies.
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