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Conway Gates: I’m Conway Gittins, I work at the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Investors are preparing to receive another round of quarterly results, this time from Nike, Micron, Walgreens and Levi Strauss. This is the final batch of first-quarter results before the start of the second-quarter financial reporting season.
On the economic front, weekly jobless claims fell for a second straight week, but in a sign that it’s taking longer to find a job, the number of Americans receiving unemployment benefits after the first week rose to a 2-1/2-year high. Investors are now eagerly awaiting Friday’s personal consumption expenditures inflation data.
In other news… Despite what it may promise on the bottle, taking a daily multivitamin doesn’t actually help add years to your life.
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A recent study by the National Institutes of Health “found no evidence to support improved longevity among healthy adults who regularly take multivitamins.” In fact, the study found that taking daily multivitamin supplements increased the chance of death by 4 percent.
The twenty-year study, published in the Journal of the American Medical Association, included nearly 400,000 people with no serious health problems. The average age of the participants was 61 and a half years.
This won’t be good news for the one in three Americans who take multivitamin supplements daily. Sales of these supplements are expected to generate $45 billion for manufacturers by 2024.
That’s all for your daily briefing. From the New York Stock Exchange, I’m Conway Gittins with TheStreet.
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