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 — Meme stocks are shaking Wall Street once again. That shouldn't be much of a surprise.
Dividend stocks are gaining momentum following major technology companies announcing their first-ever dividends this year. Americans are also starting to prefer dividend equities during the current inflation storm and expectations of a higher-for-longer scenario. In this environment affordable stocks that pay high dividends are in the limelight.
The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of those quirky and volatile stocks sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image on Sunday of a man sitting forward in his chair, a meme used by gamers when things are getting serious. He followed that tweet with a YouTube video from years before saying, “That’s all for now cuz I’m out of breath.
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