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By Staff Reporters
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Walgreens’ corporate management have announced that they would be closing 150 of its nearly 9,000 stores in the United States by the end of August 2024 as profits have declined. In an earnings call the Chief Financial Officer James Kehoe said that earnings sunk from $289 million to $118 million from the year prior in the third quarter, CEO Rosalind Brewer said.
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Hospitalizations from COVID-19 pose a “continued public health threat”, particularly to those adults aged 65 and above. This is the warning of a study by researchers from the Centers for Disease Control and Prevention (CDC), which analyzed hospitalizations between January and August this year.
CITE: https://www.r2library.com/Resource
Markets: Investors will be focused on the outbreak of war in Israel and Gaza, which could lead to volatility in global stock markets and oil prices, depending on the escalation of the conflict. US oil futures jumped. Later in the week, the consumer price index report will give an update on the Fed’s fight against inflation.
Here is where the major benchmarks ended (the bond market was closed for Columbus Day):
- The S&P 500 Index was up 27.16 points (0.6%) at 4,335.66; the Dow Jones Industrial Average (DJI) was up 197.07 points (0.6%) at 33,604.65; the NASDAQ Composite was up 52.90 points (0.4%) at 13,484.24.
- CBOE’s Volatility Index (VIX) was up 0.25 at 17.70.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Drugs and Pharma, iMBA, Inc., Investing | Tagged: CBOE, CDC, Centers for Disease Control and Prevention, covid, Covid-19, DJIA, DOW, Gaza, Israel, James Kehoe, NSDAQ, oil, Rosalind Brewer, Russell 2000, S&P 500, stock markets, VIX, Walgreen's | Leave a comment »
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