Stock Market

The New York Stock Exchange experienced a technical glitch impacting a handful of stocks, including Barrick Gold and Warren Buffett's Berkshire Hathaway, which was shown to be down nearly 100% before the issue was fixed shortly before noon Eastern time.

"A technical issue with industry-wide price bands published by the CTA SIP triggered halts in a number of stocks listed on the NYSE Group exchanges this morning.  Impacted stocks have since reopened (or are in the process of reopening) and the price bands issue has been resolved," the exchange said.

Meme stock GameStop rallied again Monday on speculation that Keith Gill, the man who inspired 2021′s epic short squeeze, could have a huge position in the video game retailer.

Shares were last about 30% higher to trade around $30.26 apiece. Trading in the name was paused briefly for volatility by the NYSE. It jumped more than 70% at the open.

Joe Biden is, at the moment, losing his reelection campaign. And he is doing so while presiding over the strongest economy the United States has ever experienced.

The jobless rate is below 4 percent, as it has been for nearly two and a half years. Wage growth is moderating, but it is higher than it was at any point during the Obama administration; overall, Biden has overseen stronger pay increases than any president since Richard Nixon. Inflation has cooled off considerably, meaning that consumers’ purchasing power is strong.

It would apparently be a surprise to nearly half of American adults, but one of the U.S. stock market’s major benchmarks is on track to post its strongest 100-day start to an election year on record.

With Thursday marking the 100th trading day of 2024, the S&P 500 SPX is up 11.6% so far this year — its best first-100-day performance since 2021, when it rose 11.7% over the same stretch, according to Dow Jones Market Data.

If you want to explain to a puzzled left-leaning writer like the Atlantic’s Annie Lowrey why most voters this year rate the economy during Donald Trump’s presidency more favorably than that during President Joe Biden’s, you might start with a pair of simple charts.

Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a “shift” in the media firm’s strategy, the investor said Tuesday in a regulatory filing.

“Stay tuned,” Ramaswamy told CNBC via a spokesperson. He indicated in the filing that he would seek to discuss with BuzzFeed’s management every aspect of the company’s operations, up to and including an acquisition by a third party.

BuzzFeed shares opened up 55% on the news. Shares pared back gains and were up about 20% as of 10:25 a.m. ET. The stock closed Tuesday at $2.50.

Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from the move.

What really matters is what underpins the market, namely, whether companies are seeing sustainable profits, where monetary and fiscal policy is positioned and what the future landscape is for economic health and specifically the labor market.

The Dow Jones Industrial Average traded near flat Friday, after the blue-chip average briefly topped the key 40,000 level for the first time in the previous session.

The 30-stock average rose 40 points, or 0.1%. The S&P 500 and Nasdaq Composite were also up 0.1%.

The Dow reached an intraday high of 40,051.05, above the psychologically important 40,000 level, before pulling back to end the day down 0.1%.

Shares of GameStop, the embattled video game retailer at the center of the 2021 meme stock frenzy, are surging again after the return of the “Roaring Kitty.”

Roaring Kitty, who is legally known as Keith Gill, kicked off another stock market surge this week with his first post on social media in nearly four years. His return sparked a new flood of interest in shares of GameStop, the stock that launched Gill to fame and fortune, along with others favored by an online community of amateur traders. 

Shares in video game retailer GameStop surged as much as 118% on Monday after meme stock investor "Roaring Kitty" posted a cryptic image in X, in his first post in the online platform in about three years.

Roaring Kitty, who became one of the key promotors of the 2021 rally in GameStop and in other companies such as movie theater chain AMC, posted a picture of a person who leans forward while gripping a game controller.