The meme stock frenzy continues on Tuesday, as names such as AMC (AMC), GameStop (GME), and BlackBerry (BB) experience a surge in trading activity. This revival is fueled by the return of Roaring Kitty, the influential trader, to the social media platform X (formerly Twitter) yesterday. Roaring Kitty's resurgence has sparked a renewed interest in meme trades, with meme stocks across the board rallying in response to this unexpected comeback. Yahoo Finance's Jared Blikre breaks down the details, offering insights into the resurgence of the meme stock craze and comparing the current rally and the events of 2021. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
The White House announced a 'strategic' wave of new tariffs on numerous imports from China. The move raises tariffs on $18 billion of Chinese goods, targeting numerous industries, including EVs, solar panels, medical products, and manufacturing equipment. The EV sector was hit the hardest, with tariffs jumping from 25% to 100%. On the earnings front, several big names reported this morning, including Home Depot (HD), Alibaba (BABA), and Sea Limited (SE). Yahoo Finance trending tickers include GameStop (GME), AMC Entertainment Holdings (AMC), and BlackBerry (BB). Key guests include:9 a.m. ET - Thomas Simons, Jefferies Senior US Economist10:15 a.m. ET - Bob Nardelli, Former Home Depot CEO11 a.m. ET - Lazetta Braxton, Lazetta & Associates Founder & CEO11:40 a.m. ET - Ben Walter, Chase Business Banking CEO
The Dow Jones Industrial Average (^DJI) has broken its win streak after carrying gains for eight straight sessions. The S&P 500 (^GSPC) closes just a hair below its flatline, but still above 5,200, while the Nasdaq Composite (^IXIC) ends the day 0.29% higher. Market Domination Overtime Host Julie Hyman checks out the day's market performance after a post on X (formerly Twitter) by user Roaring Kitty sparked a meme stock rally. Yahoo Finance Senior Markets Reporter Jared Blikre also joins the show to examine sector laggards and the gains seen across top meme stocks, like GameStop (GME) and AMC Entertainment (AMC). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.