Congratulations to the winner of Saturday’s Powerball drawing: DraftKings. The gambling company, which owns the lottery courier app Jackpocket, says ticket sales on its app have surged in anticipation of the $1.8 billion jackpot.
An initial burst of optimism over a soft US jobs report making a Federal Reserve rate cut this month a foregone conclusion didn’t last long on Friday. The S&P 500 gave up early gains to close down 0.3%. The Nasdaq 100 eked out a 0.1% advance and the Russell 2000 outperformed with a 0.5% rise, though both indexes finished well off their highs of the day.
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