Amazon said it will buy MGM, acquiring popular franchises such as ‘James Bond’ and ‘The Pink Panther.’Advertisement
“That’s just going to be the state of the market environment for some time to come,” said Kristina Hooper, chief global market strategist at Invesco. The S&P 500 hit an all-time high May 7, then fell for two straight weeks heading into this week. The index is on track for a gain this week of about 1%.
Retailers, hotels and cruise lines are poised for growth as more people get back to some semblance of normal with the COVID-19 pandemic’s hold on the United States seemingly easing and vaccinations increasing.
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