Kristen Schwab
๐ค SpeakerAppearances Over Time
Podcast Appearances
We'll have the details when we do the numbers.
It's been a full three months since last year's government shutdown ended, and we are still getting delayed data.
Today is construction spending.
The census report shows in 2025, total construction spending declined 1.4 percent from the previous year.
There was one bright spot, though.
As we know, big tech has been spending hundreds of billions of dollars to build out AI infrastructure.
But will it be enough to carry the construction industry?
Marketplace's Megan McCarty Carino reports.
We were talking up in the wrap about the producer price index.
That's inflation at the wholesale level, prices paid by businesses before they sell stuff to us.
For the next installment of our series, My Economy, we've got the story of one producer who's found a way to bring down the cost of business with a little help from her neighbors.
Marissa Mender, Franklin there, growing flowers at Midtown Bramble in Memphis, Tennessee.
Tell us about your economy at marketplace.org.
But first, let's do the numbers.
The Dow Jones Industrial Average dropped 521 points, 1 and 1 tenth percent, to close at 48,977.
The Nasdaq lost 210 points, 9 tenths percent, to finish at 22,668.
And the S&P 500 gave up 30 points, 4 tenths of a percent, to end at 6878.
For the week, the Dow declined 1 and 3 tenths percent.