S&P 500 Gains as Nasdaq and Dow Climb to Records
Wall Street rose with the S&P 500 up 44.91 points to 5,248.49 and the Dow up 477.75 to 39,760.08 while the Nasdaq gained 83.82 to 16,399.52. Merck climbed on an approved therapy, Cintas beat estimates, and Nvidia slid after a strong year. Trump Media surged on social media momentum. Robinhood unveiled a new credit card for Gold members. GameStop fell after a quarterly profit despite revenue drop. Bond yields dipped as traders eye Friday’s inflation data and Good Friday closures. the quarter ends with expectations of a June Fed rate cut.
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Associated Press
Disney DeSantis allies settle suit over Orlando district dealings
In Orlando, a settlement ends nearly two years of litigation over Walt Disney World development after DeSantis appointed board members approve a deal to drop covenants tied to prior agreements. Jeff Wahle lauded the accord as enabling continued investment and job growth statewide. DeSantis touted vindication as new leadership takes over the Central Florida Tourism Oversight District.
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Yellen cites China as distorting global prices in green tech
Treasury Secretary Janet Yellen accused China of ramping up solar energy EV and lithium ion battery production, calling it unfair competition that distorts prices and harms firms and workers worldwide. She spoke in Georgia about pressing Beijing to address the issue.
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Banana price rise at Trader Joe’s shocks shoppers
Inflation pressure lifts banana cost to 23 cents each at Trader Joe’s rising 4 cents from 19 cents after two decades. US banana prices average about 63 cents per pound, with global trends showing pandemic-era spikes and higher costs from fertilizer to transportation while demand grows.
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California
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