Ticker: Fisher-Price recalls over 2 million ‘Snuga Swings’ and Wall Street rises to close its latest record-setting week as banks jump
Fisher-Price is recalling parts of over 2 million infant swings across the U.S., Canada and Mexico due to a serious suffocation risk, following reports of five infant deaths.
The U.S. Consumer Product Safety Commission warned that all models of Fisher-Price’s Snuga Swings should never be used for sleep or have bedding materials added. The products’ headrest and seat pad body support insert can increase risks of suffocation, the notice published Thursday said.
There have been five reports of deaths involving infants between 1 to 3 months old when the product was used for sleep, according to the commission. In most of those incidents, which took place from 2012 to 2022, bedding material was added to the product and the babies were unrestrained.
Consumers are urged to immediately cut off the headrest and remove the body-support insert before continuing to use the swing. New York-based Fisher-Price, a division of California toy giant Mattel, is providing a $25 refund to consumers who remove and destroy those parts of the product. Instructions can be found on Mattel’s recall website.
Wall Street rises to close its latest record-setting week
U.S. stocks rose to records Friday as big banks rallied following a run of reassuring profit reports.
The S&P 500 climbed 0.6% to top its all-time high set earlier in the week and close out its fifth straight winning week, while the Dow Jones Industrial Average jumped 409 points, or 1%, to set its own record. The Nasdaq composite lagged the market with a gain of 0.3% after a slide for Tesla kept it in check.