TSLA
Tesla
-- 421.060 NVDA
NVIDIA
-- 134.700 PLTR
Palantir
-- 80.550 AMD
Advanced Micro Devices
-- 119.210 QUBT
Quantum Computing
-- 17.620 
All Time Highs, Meme Stocks Cry | Herd on Wall Street
Morning mooers! The markets are bursting to all time highs, the $Dow Jones Industrial Average (.DJI.US)$ just burst through 40k for the first time, up about 0.2% after Noon EST.
Meme stocks are falling back to earth, here are stories about the moving stock market today.
$Walmart (WMT.US)$ climbed 5% after the firm's morning earnings beat, posting a revenue that grew 6%. The stock led the S&P 500 and Dow Jones in gainers.
$GameStop (GME.US)$ pulled back 20% Thursday after its huge climb, and $AMC Entertainment (AMC.US)$ fell 12%.
$The Trade Desk (TTD.US)$ was the highest gainer on the Nasadaq 100, up 4% after $Netflix (NFLX.US)$ said it will launch an in-house advertising technology platform by the end of 2025. $Magnite (MGNI.US)$ also climbed about 28%; both companies are technology infrastructure providers for ad sales.
In sectors tracked by moomoo, Oil traded positive after the EIA reported a cut of 2.5M barrels in supply last week vs. decrease of 0.4M expected.
Drug manufactores were down about 0.5% after new weightloss drug results came in from Roche. The Swiss company announced early-stage trial results for an experimental obesity treatment, a once-weekly injection, known as CT-388, produced average weight loss of 18.8% after six months.
The "weight loss results are encouraging," the firm said in a release, looking like a competitive treatments compared the market, such as Novo Nordisk's Wegovy. Competitor drug companies are seeing negative price reactions on the news. Eli Lilly fell about 1.3%, and the entire Drug Manufacturer sector tracked by moomoo fell 0.5%.
Gold and Silver pulled up from their fall. Bitcoin fell slightly after a 7% climb Wednesday.
The $S&P 500 Index (.SPX.US)$ climbed 0.16% after hitting an all time high close Wednesday, setting a new record this morning at 5325.46. The $Nasdaq Composite Index (.IXIC.US)$ climbed 0.12% and hit an all time intraday high at 18,665.43. The market was generally green, but flatter after noon with 6,100 equities climbing and 6,100.
In Macro, U.S. initial jobless claims declined by 10,000 to 222,000 in the week ending May 11, compared to market estimates of 220,000.
Wednesday, CPI numbers for April came in right at expectations. Prices advanced 3.4%, and core prices advanced 3.6% in April compared to a year ago, and 0.3% month over month.
Tuesday, Producer Price Index numbers came in high, climbing about 0.5% month over month compared to expectations of 0.3%, and core expectations of 0.2%. Powell spoke Tuesday morning, and he said the oft repeated "higher for longer," mantra, despite a PPI print that he called "mixed."This week, investors can expect CPI prints Wednesday.
Multiple Federal Reserve Governors and FOMC members will speak, and investors will look for comments on rates and monetary policy.
The $U.S. 2-Year Treasury Notes Yield was 4.78, the $U.S. 10-Year Treasury Notes Yield was 4.36.
Yesterday, user user Jennifer-Lashley thanked the moomoo team for bringing us all together with such a great information source. Other users called my article Fud for saying prices in certain stocks fell.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
Posts do not represent mm
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Matt the Man : bursting my ass
Psuedoleu : I got my money and ran with 11,000 shares when ffie hit .15
maddhatter Psuedoleu :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Psuedoleu : You know nothin about bibs - that’s a crypto thing. It doesn’t happen in stocks. You’re either trying to be funny or VERY uneducated. Stop listening after the ‘Bibs’. As someone who does both trading on Sway, forex and stocks - stop trying to mix crypto and stocks.
Kevin Travers OP Psuedoleu : What is ‘bibs’
Kevin Travers OP Psuedoleu : Ohhh i see
OptionWinner Kevin Travers OP : ?$#@$
28279366 : Gotta love Jersey City
Kevin Travers OP Psuedoleu : Oh i apologize you meant ‘bips’! It has been a stock term since before stocks were traded electronically
Rockhoundj Kevin Travers OP : Haha
Got em