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Wall Street Jumps Back To Record Highs, Dow Hits 40,000 As Inflation Fears Recede, Meme Stock Frenzy Returns: This Week In The Market

Major market indexes reached record highs for the fourth week in a row, fueled by inflation data and expectations for interest rate cuts. Meme stocks resurged, while Buffett bought Chubb and Dimon warned about fiscal deficit.

AMC

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‘Playing The Rumor, Not The News’: Reddit Users Speculate On Potential S&P 500 Inclusions

Investors eye S&P 500 index additions as speculation mounts for potential gains. Some suggest PLTR, APP, DASH, ARES, SQ, DDOG, and PINS as potential contenders, but caution against unrealistic expectations and highlight the importance of thorough research. SPY, IVV, and VOO are key ETFs to watch.

APP

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China Goes All In As Beijing Vows To Buy Unsold Properties: Chinese Stocks Rally, Copper Hits All-Time Highs

China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.

BABA

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Weed Industry Celebrates Biden’s Rescheduling Move: ‘Most Monumental Cannabis Reform In Half A Century’

Cannabis companies and advocates applaud President Biden's announcement to reschedule and legalize cannabis, calling it a major leap forward and opportunity to correct long-standing wrongs and improve the industry's cashflow.

ACB