The bottom line

■ The S&P 500 last week finally exited out of the longest bear market since 1948. It took 248 days for the market to close up more than 20 percent from its most recent low. Yahoo Finance

■ For the four weeks ending June 3, Mexican brand Modelo Especial was the top-selling beer in the U.S., with 8.4 percent of sales. Bud Light, facing continued blowback from a promotion with a trans influencer, slipped to 7.3 percent, the first time it has lost the top spot in more than two decades.

CNN.com

■ Signet Jewelers, the parent company of Zales and Kay Jewelers, lowered its sales forecast for the year after reporting a 9.3 percent drop in revenue from the first quarter a year ago.The company blamed fewer engagements, saying that the onset of the pandemic in 2020 had disrupted the typical three-year timeline from dating to ring purchase. Financial Times

■ New data show that the Eurozone slipped into a recession in the first three months of 2023, with overall gross domestic product falling 0.1 percent.The U.S. economy is now 5.4 percent bigger than it was when the pandemic struck, while Europe’s has grown only 2.2 percent.

The Wall Street Journal

■ Since it began cracking down on password sharing, Netflix said it has seen an average of 73,000 new signups per day, a 102 percent increase from the prior 60-day average.

CNBC.com

■ About 37 percent of U.S. teens are working or seeking a job, up from a pre-pandemic low of about 33 percent in 2014. Still, far fewer teens are looking for work than in 1978, when that share hit a high of 59.3 percent.

The Wall Street Journal