Ticker: Mark Lund joins Regan Communications; Wall Street slips from all-time high
Regan Communications Group, New England’s largest privately-held strategic communications firm, has added media executive Mark Lund as Chief Operating Officer.
Lund most recently served as president and general manager of WBZ-TV/CBS Boston for nearly a decade.
“We are thrilled to add Mark to our exceptional team,” said George K. Regan, Jr., Chairman and CEO of Regan Communications Group.
“It’s an honor to join this great team and help lead our region’s most iconic communications company,” said Lund.
Wall Street slips from all-time high as cuts to rates look further off
Stocks slipped Monday following the latest signal that the economy remains strong, which could delay the cuts to interest rates that Wall Street wants.
The S&P 500 fell 15.80 points, or 0.3%, to 4,942.81 from the all-time high set Friday. The Dow Jones Industrial Average dropped 274.30, or 0.7%, to 38,380.12, and the Nasdaq composite edged down by 31.28, or 0.2%, to 15,597.68.
Earnings season is near its midpoint, and roughly half the companies in the S&P 500 have reported their latest results, including many of the market’s most influential. Estee Lauder jumped 12% after it reported better revenue and profit than analysts expected. McDonald’s, meanwhile, fell 3.7% despite reporting stronger profit than expected. Its revenue for the latest quarter fell just short of forecasts.
Companies that have been missing analysts’ estimates for earnings this reporting season have been seeing their stocks get punished even more than usual, according to strategists at Bank of America.