News Bites: What Is Fueling GameStop Stock This Time?

The S&P 500 (SPX), Dow Jones (DJIA), and Nasdaq (NDX) all soared in response to the release of the Fed’s June meeting minutes. The message is that the central bank will keep hiking interest rates until it brings down inflation. In this video, we look at the Fed’s possible next rate move and new economic reports on jobless claims and the trade deficit. We will also look at the return of GameStop (GME) and what is driving the stock this time. Finally, we will discuss how China’s fresh COVID-19 troubles may affect your investment.