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By Staff Reporters
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Welcome back to the Gregorian calendar. Along with being a leap day, yesterday was Rare Disease Day—bringing visibility to the 7,000 conditions that each affect fewer than 200,000 people in the US. Combined, around 10% of US residents have one, per the National Institute of Health.
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- Rite Aid is planning to close 77 stores in 2024 as part of its Chapter 11 bankruptcy.
- That makes 431 stores that the drugstore chain has decided to close since October.
- Rite Aid has been shrinking its store count for years, losing ground to rivals Walgreens and CVS.
CITE: https://www.r2library.com/Resource
Here’s where the major benchmarks ended:
- The S&P 500 index added 40.81 points (0.8%) to 5,137.08, up 0.95% for the week and its seventh weekly gain in the past eight; the Dow Jones Industrial Average® (DJI) gained 90.99 points (0.2%) to 39,087.38, down 0.1% for the week; the NASDAQ Composite rose 183.02 points (1.1%) to 16,274.94, up 1.7% for the week.
- The 10-year Treasury note yield fell about 7 basis points to 4.182%.
- The CBOE Volatility Index® (VIX) dropped 0.29 to 13.11.
Chipmaker strength drove a 4.3% advance in the Philadelphia Semiconductor Index (SOX), which ended at a record high. The NASDAQ-100®(NDX), which includes the NASDAQ’s largest non-financial companies, also ended at a record high. Small-cap shares finished the week strong. The Russell 2000® Index (RUT) rose 1.1% to settle at a 23-month high and notched a 3% gain for the week.
Banks were among the weakest performers as concerns over regional lenders flared up, underscored by another nosedive in shares of troubled New York Community Bancorp (NYCB).
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Filed under: "Ask-an-Advisor", Breaking News, Drugs and Pharma, Ethics, Experts Invited, Financial Planning, Health Economics, Health Insurance, Healthcare Finance, Investing | Tagged: CBOE, CVs, DJA, DJIA, DOW, Dow Jones, Gregorian calendar, NASDAQ, NDX, NYC, NYCB, Rare Disease Day, RUT, S&P 500, SOX, VIX, walgreens | Leave a comment »
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