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Stock market, GameStop, Reddit-OpenAI partnership: 3 Things

Yahoo Finance

Stocks (^DJI, ^IXIC, ^GSPC) are astir and eyeing big gains to end the week after the Dow Jones Industrial Average crossed above 40,000 on Thursday and the S&P 500 breached 5,300 on Wednesday.

GameStop (GME) shares tank further ahead of Friday's market open as the renewed meme stock frenzy begins to fade and the retailer files to sell securities.

Reddit (RDDT) stock jumps in pre-market trading after announcing a new content partnership for its platform with OpenAI.

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.

Video transcript

Let's get to it with the three things that you need to know.

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This Friday morning.

We've got your road map for the trading day.

Yahoo Finance is Josh Josh Lift in and Madison Mills have more.

A brad stock futures taking a breather this Friday morning.

Softer inflation data pushing major averages to record highs earlier this week with the Dow surpassing 40,000 in the S and P 500 trading above 5300 for the first time ever.

Indexes are on track to end this week with Games and gamestop shares are under pressure here this morning.

The video game retailer issuing its preliminary Q one earnings revealing that Gamestop expects a decline in sales company also said in a separate filing it plans to sell its securities for an uns size, unspecified size shares down.

You can see about 20% and shares of red is surging to the upside this morning after announcing a new content partnership with Open A I.

Under that agreement, open A I will gain access to red its data that will allow the social network to bring new A I powered features to its users.

Those shares popping this morning, up over 10% in the free market.