Previous close | 5,283.40 |
Open | 5,278.24 |
Volume |
Day's range | 5,264.32 - 5,284.75 |
52-week range | 4,103.78 - 5,341.88 |
Avg. volume | 3,959,313,809 |
All three of the major stock market indices (^DJI, ^IXIC, ^GSPC) are falling this morning, with the Dow Jones Industrial Average leading losses Morning Brief Anchors Brad Smith and Madison Mills monitor the losses seen across the market and sectors after the opening bell, joined by Senior Markets Reporter Jared Blikre who reviews the S&P 500's performance in May and checks in on the broader commodities market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
The stock market reverted back to its 2023 ways in May with six large tech stocks accounting for the majority of the gains in the S&P 500.
Keith Gill — the meme trader behind the curtain of the "Roaring Kitty' account on X (formerly Twitter) — reignited the cooling embers of May's meme stock rally, an event traditional traders wrote off. GameStop (GME) soared as high as over 70% in Monday trading, settling down to still close 20% higher, after Gill posted a screenshot of his GameStop holdings and options trades on social media. The legitimacy of the photo has yet to be verified. Yahoo Finance Head of News Myles Udland comes onto Market Domination Overtime to talk about the core market themes (^DJI, ^IXIC, ^GSPC), retail trading narratives behind prominent meme stocks, and the "meta" psychology many traders seem to be adopting. 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.