Steven McGee

Education via the internet

[Steven McGee @DailyAddedValue]

Market is closed! Let's recap,

Major Indexes Report:
S&P (+0.84%)
DOW (+0.96%)
NASDAQ (+0.81%)

Top 5 Gainers:
$CVNA, $FOUR, $IGT, $RUN, $DISH

Top 5 Losers:
$CHWRF, $WE, $ALNY, $MDGL, $FNMA

Market News:

📈 Wall Street stocks saw a pop today as investors analyzed strong retail sales and wholesale price inflation data. The S&P 500 (^GSPC) gained 0.8%, and the Dow Jones Industrial Average (^DJI) ticked up 0.9%, while the Nasdaq Composite (^IXIC) added about 0.8%. British chipmaker Arm $ARM made an impressive debut, soaring over 25% in its public offering.

🛍️ Retail sales for August came in stronger than expected, growing 0.6% on the month compared to the expected 0.1%. This highlights the resilience of the US consumer despite rising interest rates.

💹 The Producer Price Index increased by 0.7% in August, a sign that inflation remains persistent despite the Fed's efforts to cool pressures. However, "core" wholesale inflation rose 2.2%, down from July's 2.4%.

💼 Besides market movements, the European Central Bank hiked interest rates to 4%, the highest level since the euro's launch in 1999, and also increased their inflation forecast.

💰 The IPO market gained excitement with Arm's successful debut on Nasdaq, priced at $51 per share for a $54.5 billion valuation.

🚗 In the auto sector, workers at Ford $F, GM $GM, and Stellantis $STLA threatened to strike if a new contract isn't reached by a deadline.

💡 Netflix $NFLX faced a drop in stock prices following comments from CFO Spencer Neumann regarding operating margins and revenue initiatives.

🍿 AMC $AMC stock surged after announcing the receipt of approximately $325.5 million in new equity capital through the sale of 40 million shares, boosting its cash reserves.

3:05 PM Thursday, Central Time (CT) is
8:05 PM Thursday, Coordinated Universal Time (UTC)

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Your,
Daily Added Value

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[Steven McGee @DailyAddedValue]

@unusual_whales I promise, if this account is tweeting about it. It’s a non issue

[Magnussen Cube @lace_strol]

New Monaco rule: Anyone who drives above 115% of the pole lap time (if dry) is disqualified from the race

[critter @BecomingCritter]

You hear Costco is great. One friend describes it as a 'shopping Disney World'. You start thinking about it. You have some extra cash. You decide to try it out, you'll save that much money in gas anyway! What's the worst that can happen?--

[Steven McGee @DailyAddedValue]

Black Ops 6 Level 1000 in ~70 Days

[Steven McGee @DailyAddedValue]

@BO6CODInformer @CODBO6Shop !

[Steven McGee @DailyAddedValue]

@CallofDuty #BlackOps6 Why_Connect#9152235 @CallofDuty

[Steven McGee @DailyAddedValue]

@CallofDuty #BlackOps6 Why_Connect#9152235 @CallofDuty

[Steven McGee @DailyAddedValue]

@CallofDuty @CallofDuty Why_Connect#9152235 #BlackOps6

[Steven McGee @DailyAddedValue]

@CallofDuty Why_connect #CODbetarecord

[Steven McGee @DailyAddedValue]

@CallofDuty Why_connect #CODBetaRecord

[Steven McGee @DailyAddedValue]

@CallofDuty Why_connect #CODBetaRecord

[Steven McGee @DailyAddedValue]

@CallofDuty Why_Connect #CODBetaRecord

[Steven McGee @DailyAddedValue]

@krassenstein When election season is over will you talk about tech, crypto, and the future again?

[Steven McGee @DailyAddedValue]

@alifarhat79 Forgot free healthcare, but yea

[Steven McGee @DailyAddedValue]

@EdKrassen @KamalaHarris @realDonaldTrump Hyping a special guest that didn’t appear?

[Steven McGee @DailyAddedValue]

@krassenstein This you? https://t.co/DAMPbcfLe1

[Brian Krassenstein @krassenstein]

@EdKrassen My guess is she is up 4-5 points after the DNC.

[Steven McGee @DailyAddedValue]

@krassenstein That’s not AB lol

[Steven McGee @DailyAddedValue]

@krassenstein 💀

[Steven McGee @DailyAddedValue]

@krassenstein Every night of the DNC has hurt Kamala’s Campaign.

[Steven McGee @DailyAddedValue]

@EdKrassen Polymarket doesn’t exist anymore after you posting about it for a week straight 💀