Stocks are reacting to the hotter-than-expected May jobs report. The US added 272,000 jobs in May, far more than the 180,000 economists were expecting. The unemployment rate ticked higher to 4.0% from 3.9%. The report comes ahead of the Fed's interest rate meeting next week. Meme stocks including GameStop (GME) and AMC Entertainment Holdings (AMC) are moving this morning ahead of a highly anticipated livestream from Roaring Kitty. The stream is set to be the trader's first on YouTube in nearly four years. Yahoo Finance trending tickers include DocuSign (DOCU), PayPal (PYPL), and Robinhood Markets (HOOD). Key guests include:8:30 a.m. ET - Lauren Goodwin, New York Life Investments Economist and Chief Market Strategist & Robert Sockin, Citi Senior Global Economist9:30 a.m. ET - Julie Su, Acting Labor Secretary9:40 a.m. ET - Brent Thill, Jefferies Senior Analyst10:15 a.m. ET - Nancy Tengler, Laffer Tengler Investments CEO & CIO10:40 a.m. ET - Mark Clouse, Campbell Soup Company CEO11 a.m. ET - Bridget Lohrius, Sandwina Founder and CEO
First X, then Reddit, now YouTube. GameStop's most bullish enthusiast announced a livestream, and the stock surged.
Marriott Vacations (VAC) benefits from strength in packages, solid summer bookings and the Abound by Marriott Vacations program. However, increased expenses, Maui Wildfires and a fall in VPGs are headwinds.