Table of Contents

• Boston Celtics

• U.S. Stocks

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Boston Celtics

A group led by Bill Chisholm is purchasing the Boston Celtics for $6.1 billion, marking the highest sale price for a U.S. sports franchise. Private equity firm Sixth Street will contribute over $1 billion to the deal, with Boston-area businessman Rob Hale and Bruce Beal Jr. also part of the group. Current owner Wyc Grousbeck will continue as team governor and CEO through 2027-28. The NBA has yet to approve the sale, which is expected to be finalized this summer. With soaring franchise values fueled by lucrative media deals, the Celtics' worth could climb to $7.3 billion by 2028. The 18-time NBA champions remain strong contenders for another title this season.

U.S. Stocks

U.S. stocks edged lower Thursday as economic uncertainty continued to weigh on the market, stalling its recovery from recent losses. The S&P 500 dipped 0.2%, while the Nasdaq Composite fell 0.3%, with Apple shares slipping 0.5%. The Dow Jones Industrial Average remained mostly unchanged. Declines in Alphabet pressured the market, though Meta and Nvidia posted slight gains. The movement followed the Federal Reserve’s decision to keep interest rates steady while maintaining expectations for two cuts later this year. Fed Chair Jerome Powell cited tariffs as a concern, warning of potential economic strain. Traders are waiting to see how Trump’s tariff policies unfold, with a key exemption for certain Canadian and Mexican imports set to expire on April 2. Despite Wednesday’s rebound, the S&P 500 is still down about 8% from its February peak and has declined more than 7% over the past month.

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