INDIANAPOLIS (WISH) — Here is a look at Friday’s business headlines that includes new data about the presidential election, Walgreens store closures, Independence Day expenses and more.
Nearly half of voters say the economy is a key election issue
According to a News Nation and Decision Desk poll, 40% of voters believe the economy is the most important issue in the presidential election.
Historically, election years have been good for the US stock market and the S&P 500 has risen in almost every election year since 1960.
There’s one thing that’s for sure, markets dislike uncertainty, and we are facing a lot of that related to interest rates, tensions overseas and inflation
Walgreens to close ‘significant’ number of stores
Walgreens will close a considerable number of stores. Sales have slipped with Walgreens saying it’s a very tough retail environment and the company is losing sales to Amazon, Costco and Walmart.
Walgreens has now lost 80% of its value in under five years. Walgreens has not announced which stores it will be closing. It’s America’s largest pharmacy chain with over 8,500 stores and more than 300,000 employees.