"Market Milestones: S&P Hits Record High, Macy's Closes Stores, and Disney CEO's Payday"
TL;DR Summary
The Dow Jones Industrial Average and the S&P 500 reached all-time highs, while Macy's announced store closures and job cuts. Disney CEO Bob Iger faced scrutiny over his hefty payday amidst job cuts, and a federal judge blocked the $3 billion merger between JetBlue and Spirit Airlines. Additionally, former President Trump secured Iowa, and the U.S. national debt hit a record $34 trillion. Federal Reserve officials tempered expectations for a rate cut in March, with market forecasts now pointing to a potential cut in May.
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