Stocks retreat on weak JOLTS data, HPE, CrowdStrike earnings on tap: Yahoo Finance
Stocks (^DJI, ^IXIC, ^GSPC) are under pressure after weak JOLTS data pointed to signs of economic cracks, with job openings falling to their lowest level since February 2021. The GameStop (GME) rally is retreating, as meme trade influencer "Roaring Kitty" reportedly faces a potential ban from E-Trade due to market manipulation concerns. Investors will also be watching for the latest quarterly earnings from Hewlett Packard Enterprise (HPE) and CrowdStrike (CRWD) to see how AI is impacting those businesses. Yahoo Finance trending tickers include Core Scientific Inc. (CORZ), Viking Therapeutics (VKTX), and Carnival Corporation (CCL).
Key guests include:
3:10 p.m. ET - Michael Kantrowitz, Piper Sandler Chief Investment Strategist
3:25 p.m. ET - Rebecca Babin, CIBC Private Wealth US Senior Energy Trader
3:45 p.m. ET - Daron Acemoglu, MIT Economics Professor
4:40 p.m. ET - Mickey Drexler, Alex Mill Chairman & Former Gap CEO