The major stock market indexes are above their 50-day lines and nearing record or 52-week highs. Big earnings winners and losers continued.
The technology sector is losing momentum as earnings continue to paint a mixed picture, clouded by lofty expectations for AI-exposed shares.
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.