DAILY UPDATE: “Soft Economic Landing” and Paramount Pictures Corporation

By Staff Reporters

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The S&P 500 heads into the week at its highest level of the year after Friday’s solid jobs report suggested that the Fed could be all clear for a “soft landing”—bringing inflation back to normal without sending the economy into a recession. The S&P and Dow have posted gains for six straight weeks, their longest streak since 2019.

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But, the week’s big winner was Paramount, which spiked on reports that Shari Redstone might sell the entertainment giant.

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