Transcription:
CONWAY GITTENS: I'm Conway Gittens reporting from the New York Stock Exchange. This is what we are seeing today on TheStreet.
Investors are digesting another round of quarterly results, this time from Nike, Micron, Walgreens and Levi Strauss. This is the last trickle of first-quarter results before the start of second-quarter 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 beyond the first week rose to a two-and-a-half-year high. Investors are now eagerly awaiting Friday's PCE inflation data.
In other news… despite what the packaging may promise, taking a daily multivitamin doesn't actually help add years to your life.
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A recent study from the National Institutes of Health “found no evidence to support increased longevity among healthy adults who regularly take multivitamins.” In fact, the study found that taking a daily multivitamin supplement increased the odds of death by 4 percent.
The 20-year study, published in the Journal of the American Medical Association, involved nearly 400,000 people with no major health problems. The average age of the participants was 61 1/2 years.
This won't be good news for the 1 in 3 Americans who take multivitamin supplements daily. Sales of these supplements are estimated to generate $45 billion for manufacturers by 2024.
That's all for the daily summary. From the New York Stock Exchange, I'm Conway Gittens with TheStreet.
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