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Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
The Dow fell for the fourth day in a row but the Nasdaq rallied due largely to Tesla. Traders had both economic data and corporate results to pick through on Thursday. New home sales jumped to a 1-1/2 year high in September. The median sales price came in at $426,300. Meanwhile, American Airlines posted a third-quarter loss, net income at Southwest dropped 65 percent, but UPS delivered its first quarterly sales growth in two years.
Looking to Friday, Colgate-Palmolive and AutoNation report quarterly results.
Related: Nike makes huge business move to ensure dominance in sports
Turning to other headlines - If you want a ticket to the World Series, you’re going to have to dig real deep - and you’re not even guaranteed a seat inside the stadium. Tickets for this year’s championship matchup between the New York Yankees and the Los Angeles Dodgers are the highest ever.
According to TickPick, the cheapest resale ticket price is about $850 for Game 1 in Los Angeles. But YahooFinance saw higher prices for the opening game at Dodger Stadium: $1,682 on Vivid Seats, $1,703 on TickPick, and $1,731 on SeatGeek. On average, prices are more than double what they were compared to 2023.
Related: Yankees roster salaries: World Series 2024
Prices are especially expensive when the series hits New York. Tickets originally sold by the Yankees started at around $200. On the resale market, however, a standing-room-only ticket for Game 3 is going for $1400-$1500. If you want a seat, that’ll set you back nearly $1800.
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The Dodgers and the Yankees haven’t met in a championship matchup since 1981. According to Sportingnews.com, a face-value ticket back then was no more than 20 bucks based on ticket memorabilia. Even if you adjust for inflation, that would still only be 70 bucks in today’s dollars.
Related: Dodgers roster salaries: World Series 2024
That’ll do it for your Daily Briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.
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