A hot stock market must reckon with Pfizer supply chain issues and slowing employment growth. And moviegoers might be able to enjoy blockbusters from their couch for a fraction of the price. Here's how the headlines could affect your money.
The three major indexes reached fresh all-time intraday highs on Friday. The boost comes after a pause in the market's momentum Thursday afternoon, when The Wall Street Journal reported that Pfizer was having supply chain issues that would affect the Covid vaccine rollout.
In November, the economy added only 245,000 nonfarm payroll jobs. That's lower than economists predicted and represents the slowest job growth since the recovery began in May.
Still, certain industries are hiring. Fields with the most growth include transportation and warehousing, which accounted for 145,000 of added jobs. Professional and business services added 60,000 jobs and health care added 46,000.
Warner Bros. announced that its 2021 slate of 17 films, including "Dune," "Godzilla vs. Kong," and "The Matrix 4," will be viewable on HBO Max for a one-month window starting the same day they're released in theaters.
The shift could save viewers money. The average movie ticket cost $9.16 in 2019, according to the National Association of Theatre Owners. If a family of four saw 10 of the slated 17 movies in theaters, they would spend more than $360. An HBO Max subscription is $14.99 per month, meaning consumers could spend half that in a year and get access to all 17 films.
Still, some consumers are concerned this will accelerate the decline of theaters, an industry that's been hit hard by the coronavirus.
An intraday high is a record set for a security or index during regular trading hours for the stock market. Traders pay close attention to intraday price changes, highs, and lows. But for long-term investors, closing prices can be a better way to track performance.
Although the daily news can have an impact on your wallet, remember to take a long-term outlook when it comes to decisions on spending, saving, and investing.
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