Stocks pop to kick off week of heavy data, Fed-speak

Mon, May 22, 2017, 11:29 AM

Stocks (^DJI, ^GSPC, ^IXIC) are rallying at the midday mark. The industrial (XLI) and tech (XLK) sectors are leading the way up, and energy (XLE) is only sector in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Jen Rogers is joined by Yahoo Finance editor-in-chief Andy Serwer and Yahoo Finance’s Melody Hahm, as well as the authors of “Geek Girl Rising,” Heather Cabot and Samantha Walravens.

Today’s Midday Movers topics:

What’s set to drive stocks this week
Federal Reserve in focus
Ford fires Mark Fields, names Jim Hackett CEO
Leaked documents reveal Facebook content policies
Midday Movers — winners and losers
Authors of ‘Geek Girl Rising’ on women in tech

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million
Jeff Bezos amassed his wealth through Amazon stocks and owns hundreds of millions of dollars worth of real estate, but one of his most valuable possessions may surprise you: art. Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection. As concerns over stock market volatility persist, the world’s wealthiest
Benzinga
Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years
The Oracle of Omaha has purchased shares of his favorite stock for 23 consecutive quarters.
Motley Fool
McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores
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Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen
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Here's the Income and Net Worth You Need to Reach the Top 50% of American Households
Americans can improve their net worth through prudent budgeting and smart investments.
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The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.
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MarketWatch
Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage
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Bloomberg
Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn
Donald Trump told oil industry executives he would dismantle Joe Biden’s pro-electric vehicle agenda as he asked for $1bn (£800m) to help return him to the White House, it has been claimed.
The Telegraph
Macrogenics Stock Drops 77% After Study Deaths
MacroGenics shares plunged 77.4% on Friday, erasing $773.2 million in market value, after the biotech reported late Thursday that five patients died in a study of the company’s cancer drug. MacroGenics said two of the deaths were deemed unrelated to the drug, known as vobra duo, according to researchers. “The cause and effect with regard to the drug is still being investigated,” Chief Executive Scott Koenig said of the three deaths on the company's first quarter earnings call on Thursday.
The Wall Street Journal
With Apple entering the fight, the AI chip wars have gone nuclear
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Stocks pop to kick off week of heavy data, Fed-speak

Today’s Midday Movers topics:

Recommended Stories

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million

Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years

McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores

Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen

Here's the Income and Net Worth You Need to Reach the Top 50% of American Households

The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.

Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage

Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn

Macrogenics Stock Drops 77% After Study Deaths

With Apple entering the fight, the AI chip wars have gone nuclear