The stock market enters another pandemic quarter riding high

Segments From This Episode

• We're really losing momentum in consumer spending

  Diane Swonk, chief economist at Grant Thornton, said, “we did see a nice pickup in spending on services — people finally returning to hospitals catching up on all those elective surgeries they deferred during lockdowns — and also spending on some travel picking up. What we didn’t see, and what was really devastating, was we saw a drop in spending in food stores in August from July. And that was really closely tied to the lapse in that $600 a week supplement to unemployment insurance.”

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• What’s behind the stock market’s strong third quarter?

  by David Brancaccio, Nova Safo and Alex Schroeder

  

  The S&P 500 gained 8.5%, the Dow is up 7.5% and the Nasdaq is up 11% for the quarter.

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• Disney+ wades into the streaming-with-friends space

  by Meghan McCarty Carino

  

  The new Disney+ GroupWatch feature allows subscribers to watch shows with friends virtually and react to scenes using emojis.

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