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@ Layer3.news
2025-03-03 11:12:49
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgr8g2hyzql5lt4cxfjdj40hgtu6vydvsqvsesqy8canygcce3lwvyyapkyy
SPORTS STOCKS SLUMP IN FEBRUARY AS CONSUMER SPENDING WORRIES EMERGE
https://s.yimg.com/ny/api/res/1.2/kIFgr2l94AwM6owXFDJxlg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/sportico_165/62d61ce59f94bed610f5739fab5d3e8e
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✍️ The Sportico Sports Stock Index fell 4% in February, driven by a decline in consumer sentiment and a slump in apparel and gear makers. The index is still up 3% for 2025, outperforming the S&P 500.
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👉 Souring consumer sentiment knocked sports stocks back 4% in February
👉 The Sportico Sports Stock Index declined 62 points in February, ending at 1,415
👉 Apparel and gear makers, such as Under Armour and Topgolf Callaway Brands, were particularly hard hit
👉 Consumer discretionary stocks across the board were dragged down by the decline in consumer sentiment
👉 The index is still up 3% for 2025, outperforming the S&P 500
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#RandalKonik #DavidGandler #LachlanMurdoch #sports
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