S&P 500 & Footwear Distributors and Retailers of America

S&P 500: The S&P 500 has scaled new highs despite rising energy costs and inflation worries, indicating that corporate profits have been buoyant in the first quarter, though margin forecasts are being cut for the second quarter.

Footwear Distributors and Retailers of America: The Footwear Distributors and Retailers of America reported that petrochemical-based materials in synthetic shoes are significantly tied to oil price swings, leading to potential price increases for consumers.