TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why people who take multivitamins aren’t getting what they expect from them.
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00:00I'm Conway Gittins reporting from the New York Stock Exchange, here's what we're watching
00:03on the street today.
00:05Investors are digesting another round of quarterly results, this time from Nike, Micron, Walgreens
00:10and Levi Strauss.
00:11This is the final trickle of first quarter results ahead of the start of the second quarter
00:15reporting season.
00:17On the economic front, weekly jobless claims fell for the second straight week, but in
00:22a sign it's taking longer to find a job, the number of Americans receiving unemployment
00:26benefits beyond the first week surged to a two and a half year high.
00:31Investors now eagerly await Friday's PCE inflation data.
00:35In other news, despite what it may promise on the bottle, taking a daily multivitamin
00:39doesn't actually help add years to your life.
00:42A recent study by the National Institutes of Health, quote, did not find evidence to
00:47support improved longevity among healthy adults who regularly take multivitamins.
00:52In fact, the study found that taking a daily multivitamin supplement boosted the chance
00:57of death by four percent.
00:59The 20 year study published in the Journal of American Medical Association involved nearly
01:03400,000 people without major health issues.
01:06The median age of participants was 61 and a half.
01:09This won't be welcome news for the one in three Americans who take daily multivitamin
01:14supplements.
01:15Sales of those supplements are estimated to bring in $45 billion to manufacturers in 2024.
01:22That'll do it for your daily briefing from the New York Stock Exchange.
01:25I'm Conway Giddens with the Street.