Key inflation report, meme stock craze continues: Yahoo Finance
Investors are digesting key inflation data this morning following the release of the April CPI report. Economists expected the report to show deceleration from March, with a reading of 3.4%. Also, on the economic front, we got the latest reading on retail sales, which was expected to show growth of 0.4% month-over-month. On Wall Street, the meme madness is back. Top names like GameStop (GME) and AMC Entertainment (AMC) have seen shares on a roller coaster the last few days. Yahoo Finance trending tickers include Plug Power (PLUG), Oracle (ORCL), and Boeing (BA).
Key guests include:
9 a.m. ET - Stephen Juneau, Bank of America Securities U.S. Economist
9:40 a.,m. ET - Blake Gwinn, RBC Capital Markets, Head of US Rates Strategy
10:20 a.m. ET - Rich Lesser, BCG Global Chair
11 a.m. ET - Lee Munson, Portfolio Wealth Advisors President & CIO