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Nasdaq 100 Reaches Record Highs, Service Sector Strength Alleviates Economic Slowdown Concerns, Magnificent 7 Hits $15 Trillion Valuation: What’s Driving Markets Wednesday?

Wall Street rallied Wednesday as the services activity gauge indicated a stronger-than-expected expansion in May, pushing back fears of an economic slowdown which surfaced in recent days.

AMC

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Canned Soup Products Maker Campbell Cuts 415 Jobs: Details

Campbell Soup is set to revamp its supply chain to drive growth and enhance efficiency. The strategic plan includes closing outdated plants, investing in modern facilities, and leveraging leading co-manufacturing partners. Notably, the Tualatin plant will close by July 2026, impacting 330 employees, while changes at the Jeffersonville plant will affect 85 employees. The company will invest $230 million in newer facilities, creating 210 new roles.

CPB