Here are one of the most vital story that financiers require to begin their trading day:
1. End of a streak
The Dow Jones Industrial Average posted its first loss in nine days. The Dow fell 81.33 points, or 0.21%, while the S&P 500 inched lower by 0.02%, and the Nasdaq Composite added 0.29%. Traders are grappling with inflation expectations ahead of two key reports this week: the producer price index on Tuesday and the consumer price index on Wednesday. Economists polled by Dow Jones estimate the PPI gained 0.3% from the previous month. Follow live market updates.Â
2. Meme stocks roar back
Keith Gill, known on Reddit under the pseudonym DeepFuckingValue and as Roaring Kitty, is seen on a fragment of a youtube video displayed on a smartphone screen in front of GameStop logo.
Pavlo Gonchar | Lightrocket | Getty Images
It started out with a post, how did it send it up like this? GameStop shares surged dramatically after “Roaring Kitty,” aka Keith Gill, the retailer trader who drove the GameStop mania of 2021, posted on X for the very first time in 3 years. GameStop shares soared 74.4% greater Monday after climbing up as long as 110% and obtaining stopped several times as a result of volatility. AMC, one more meme supply, likewise rose 78.4%. And the gains may not quit there. GameStop and AMC leapt greater than 50% in premarket trading on Tuesday. At the same time, brief vendors shed an approximated of $838 million in GameStop Monday, according to information company S3 Companions.
3. Rising cost of living outlook
A consumer relocates with the check out lane with his grocery stores at a Costco Wholesale shop on April 3, 2024 in Colchester, Vermont.
Robert Nickelsberg|Getty Images
Consumers anticipate costs to maintain increasing both in the close to- and lasting. That expectation is sustained by higher inflation in home prices along with fuel and energy, according to a New York Federal Reserve survey released Monday. Respondents to the central bank survey also showed little confidence that the Fed will reach its 2% goal soon. The results mirror those of the University of Michigan sentiment survey released last week, which showed consumer sentiment had slumped.
4. Home Depot dilemma
An employee assists a customer at The Home Depot store on February 20, 2024 in Austin, Texas.
 Brandon Bell | Getty ImagesÂ
Home Depot posted first-quarter earnings that beat Wall Street’s expectations and revenue that missed estimates on Tuesday. Shoppers are postponing big projects like bathroom and kitchen remodels as interest rates remain high. The company expects that trend of waiting will continue, Chief Financial Officer Richard McPhail told CNBC. Home Depot reaffirmed its full-year guidance and said it expects total sales to grow about 1% in fiscal 2024, which includes an extra week from the prior year. But it said comparable sales, which remove the impact of store openings and closures, are expected to decline about 1%, excluding that additional week.
5. Disruptor 50
In this photo illustration, the OpenAI logo is seen displayed on a mobile phone screen.Â
Idrees Abbas | SOPA Images | Lightrocket | Getty Images
â CNBC’s Lisa Kailai Han, Yun Li, Jesse Pound, Jeff Cox, Melissa Repko, David Spiegel, Julia Boorstin and Hayden Field contributed to this report.
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