256 student stock exchange: the ultimate recession indicator?
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Key takeaways
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256 is Manchester’s so-bad-it's-good student club. In the middle of a cost of living crisis, could a Wall Street-style night with fluctuating drink prices…
Directly affected
- No company is named in this report.
Indirectly affected
- IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF
iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “stock exchange” (exchanges and trading) in this story.
- TIP iShares TIPS Bond ETF
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “cost of living” (inflation and prices) in this story.
- ICE Intercontinental Exchange
Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story.
- CME CME Group
CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story.
- CBOE Cboe Global Markets
Cboe Global Markets (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story.
- NDAQ Nasdaq
Nasdaq (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story.
- WMT Walmart
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “cost of living” (inflation and prices) in this story.
- COST Costco Wholesale
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “cost of living” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| IAI | -3.16% | -1.43% | base | — | after close | after close | after close |
| TIP | +0.93% | +0.72% | base | -0.46% | after close | after close | after close |
| ICE | -3.65% | -3.62% | base | -1.50% | after close | after close | after close |
| CME | -2.72% | -3.58% | base | -0.10% | after close | after close | after close |
| CBOE | -4.51% | -4.42% | base | +0.06% | after close | after close | after close |
| NDAQ | -2.62% | -1.09% | base | -0.96% | after close | after close | after close |
| WMT | +1.59% | -0.08% | base | +0.37% | after close | after close | after close |
| COST | -1.92% | -1.90% | base | +0.51% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
256 student stock exchange: the ultimate recession indicator? The Mancunion
Source: The Mancunion
Price since this story was published: Ishares Tr (IAI)
| Company | When | Move | Status |
|---|---|---|---|
| Cboe Global Markets (CBOE) | that day | +0.06% | final price |
| Cboe Global Markets (CBOE) | three days earlier | -4.42% | final price |
| Cboe Global Markets (CBOE) | five days earlier | -4.51% | final price |
| Cme Group (CME) | that day | -0.10% | final price |
| Cme Group (CME) | three days earlier | -3.58% | final price |
| Cme Group (CME) | five days earlier | -2.72% | final price |
| COST | that day | +0.51% | final price |
| COST | three days earlier | -1.90% | final price |
| COST | five days earlier | -1.92% | final price |
| Ishares Tr (IAI) | three days earlier | -1.43% | final price |
| Ishares Tr (IAI) | five days earlier | -3.16% | final price |
| Intercontinental Exchange (ICE) | that day | -1.50% | final price |
| Intercontinental Exchange (ICE) | three days earlier | -3.62% | final price |
| Intercontinental Exchange (ICE) | five days earlier | -3.65% | final price |
| Nasdaq (NDAQ) | that day | -0.96% | final price |
| Nasdaq (NDAQ) | three days earlier | -1.09% | final price |
| Nasdaq (NDAQ) | five days earlier | -2.62% | final price |
| TIP | that day | -0.46% | final price |
| TIP | three days earlier | +0.72% | final price |
| TIP | five days earlier | +0.93% | final price |
| WMT | that day | +0.37% | final price |
| WMT | three days earlier | -0.08% | final price |
| WMT | five days earlier | +1.59% | final price |
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Cme Group (CME), worth $15,001 - $50,000 on 17 Aug 2026. That is 87 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. April McClain Delaney sold Nasdaq (NDAQ) (held by a dependent child), worth $100,001 - $250,000 on 25 Aug 2026. That is 79 days before publication. Filed 9 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 30 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 36 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 41 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 30 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 12 Oct 2026. That is 31 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 36 days before publication. Filed 5 Nov 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (IAI)
Companies mentioned with this story
- IAI Ishares Tr
For “256 student stock exchange: the ultimate recession indicator?,” Ishares Tr (IAI) is linked, with no stored direction, medium confidence. Reason on file: iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “stock exchange” (exchanges and trading) in this story
- ICE Intercontinental Exchange
In “256 student stock exchange: the ultimate recession indicator?,” Intercontinental Exchange (ICE) is linked, with no stored direction, medium confidence. Reason on file: Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story
- CME Cme Group
Cme Group (CME) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “256 student stock exchange: the ultimate recession indicator?.” Reason on file: CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story
- CBOE Cboe Global Markets
In “256 student stock exchange: the ultimate recession indicator?,” Cboe Global Markets (CBOE) is linked, with no stored direction, medium confidence. Reason on file: Cboe Global Markets (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story
- NDAQ Nasdaq
In “256 student stock exchange: the ultimate recession indicator?,” Nasdaq (NDAQ) is linked, with no stored direction, medium confidence. Reason on file: Nasdaq (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story
Ishares Tr (IAI)
On 12 Nov 2026, “256 student stock exchange: the ultimate recession indicator?” is the story that connects Ishares Tr (IAI) to this story.
Ishares Tr (IAI) is on the page because iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “stock exchange” (exchanges and trading) in this story
Also listed, Intercontinental Exchange (ICE): Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “stock exchange” (exchanges and trading) in this story
Price levels for Ishares Tr (IAI)
CME traded between 290.48 and 316.19 across 17 sessions. The latest close on file is 315.81. ICE traded between 153.89 and 180.66 across 20 sessions. The latest close on file is 180.59.
What the saved facts support for Ishares Tr (IAI)
40 out of 100
“256 student stock exchange: the ultimate recession indicator?” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.