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S&P 500, Dow Soar as Retail Booms

After a year like 2020, in which nearly all stocks reached previously unprecedented lows, many investors could not flip their calendars fast enough come January 1st. While changing dates did not necessarily change stock prices or the severity of the pandemic, fortunately, many stocks have rebounded in a big way in the second quarter of 2021. That trend continued this past week, as the S&P 500 and Dow Jones Industrial Average continued their relentless uphill climb amidst a country undergoing large-scale economic recovery.

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J&J Asks Other Companies to Join Investigation of Blood Clotting After COVID-19 Vaccination

Recently, federal healthcare agencies have advised Johnson & Johnson to cease administering their COVID-19 vaccine temporarily. According to Reuters, this advice was given after six women under fifty developed blood clotting following the shot. Business Insider reports that the women were between the ages of eighteen and forty-eight and now suffer from a blood clot in the brain called central venous sinus thrombosis (CVST). Overall, 6.8 million Americans have had the J&J vaccine.

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The Real Estate Market Continues to Thrive Fueled by an Ongoing Demand for New Homes

The past year has seen a real estate boom despite several areas of the economy still struggling due to the pandemic. CBS News reports that home prices grew 15 percent by the end of 2020 compared to the year prior. According to Realtor.com, home prices have risen 14.3 percent since the onset of the pandemic, there are 50 percent fewer homes on the market, and new listings are 27 percent lower than expected for March 2021.

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Fashion Tradeshows to Resume In-Person

Fashion wholesale tradeshows, a crucial component of the industry, are finally back in person after months of virtual events. Informa Markets Fashion recently announced its semi-annual MAGIC tradeshow will be returning to Las Vegas this August. Over 1,000 exhibitors are expected to attend, showcasing their brand’s newest trends and styles for the upcoming seasons.

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