The Buss family is looking to sell the Los Angeles Lakers at a valuation of $10 billion after owning the team for 45 years. Jerry Buss bought them for $67 million in 1979. That would be the highest-ever sale price for a sports franchise in the world. Great investment, right? Not so fast! Forget those 11 NBA championships — if Buss had put that in the S&P 500, it would be worth $13 billion today. What a chump. . 

On Friday, US stocks opened higher but lost ground throughout the day. The S&P 500 ended the day down 0.2%. It’s the first two back-to-back weekly losses for the S&P 500 since late March into early April — that is, right before and after the Liberation Day tariff announcements.

As for the immediate market reaction to the US strikes against Iran this weekend, oil surged and stock futures slumped, but both of those moves were reversing in early trading on Sunday evening as traders processed the news at around 6:30 ET.

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