S p 500 up 3. 5. All of this coming after the major indices closed at record highs. Dow up 55. The nasdaq and s p gaining 1 . Treasury yields with the tenyear yield at 4. 33 . That was fast. Lets look at the meme stocks. Well see. It could come roaring back. Gamestop now down six. It was more than double that. Amc is above the recent lows. Gamestop and amc fell during yesterdays session. Amc, as it has in the past, took advantage of the rally. Announcing a debt for equity stock. It completed a stock sale on monday. Theres the weekly chart. There is contraction and time you think that is a meme stock craze lasts four days . The last one lasted and went much higher. Much higher levels. People said gamestop was much harder to short. Right. It could be a weak phenomenon . Four or five weeks . Yeah. It went into the hundreds, didnt it . People really wanted it to happen. They wanted it to happen. It would be hard to keep any of these things going. Do you think were going to see a meme from
Stock wave in a record high. And federal prosecutors saying boeing is possibly on the hook for as much as 2. 5 billion. Its wednesday, may 15th. Youre watching Worldwide Exchange right here on cnbc. Good morning. Welcome to Worldwide Exchange. Thank you for being with us on this wednesday morning. H lets kick off the horde with the u. S. Futures after a mostly positive day for stocks yesterday that saw the nasdaq close at a fresh alltime high. Meanwhile you are seeing some marginal gains implied at the opening bell today. The s p 500 higher by roughly 2 to 3 points and the nasdaq up 1 to 2. Ahead of the opening bell, at least 31 s p 500 companies are now at 52week highs or better or alltime highs across the economic spectrum, across ought of them, including qualcomm, bank of america, freepo freeportmcmoran. At least oneyear highs. Also checking the bond market ahead of todays inflation rate, yields are ticking lower. The 10year ticking solidly below the halfway mark. The 2year note yie
Teslas troubles. A reported investigation into self driving claims and whether it committed securities and or wire fraud during the criminal investigation. That is coming up. Looking forward to that. Morningstar is outstanding Portfolio Manager of the year. She runs a fund focused on Underappreciated Companies which pay reliable dividend. We will find out. Lets take on the markets first. But it the dow is up 122. Look at the others in the red. The s p down two points, the nasdaq down about a quarter of a percent right now. A lot of stocks are on the move following earnings. Jumping on an earnings beat in a phase 3 trial. After its first report of the company. Said a year from now and got it already. Trip adviser getting crushed on that lower guidance and the rejection on a takeout opera. 29 . We will trade more earnings, movers and lunch coming up. First, lets start with tesla as that stock is falling. 2 off of its worst levels of the day so far. I am looking at right now. It is so nic
Plus a blockbuster beat. Its wednesday, may 8th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Were coming to you live from c in cnbc london. Were going to take a look at the futures. We saw the dow arise awe three of the indices have now turned very slightly to the red right now, this as investors continue to wade through the thick of the earnings season with 35 of the s p 500 Companies Already reporting their results. Were taking a look at the bond market as we always do with the 10year yield trading at 4. 5 . Take a look right here the 2year note is at 2. 83. We may be through the busiest stretch of earnings, but theres still a long way to go with reports coming up higher. Jim cramer had Steve Huffman of reddit on last night. Every companies customers are on reddit. By making our ad tools easier to use and making our ads better and better, were recognizing that position. Lyft is posting a second positive quarter it expects hig
Reddit, for example, recent ipo, surging. Shopify, really down sharply the president will join us this hour and on the a. I. Front, President Biden is going to announce the plans by microsoft. This is microsoft money, not federal money. Theyre going to build a 3. 3 billion datacenter in wisconsin. Lets start with tesla, though sources telling reuters the Justice Department is investigating whether the ev maker committed securities or wire fraud by misleading investors and consumers over its vehicles selfdriving capabilities teslas autopilot and selfdriving systems assist with things like steering and lane changes but are not fully autonomous the report also says the s. E. C. Is investigating teslas representation about Driver Assistance Systems to investors. So, jim, i think theyre quoting three sources over at reuters. Right and i know, david, we can go into this. I dont want to well, this is obviously serious news the problem is that ive always found that when youre talking about wha