Why Meme Stocks Like GameStop and Opendoor Still Matter | Markets A.M. for Jan. 16

Thursday’s momentum, driven by Wall Street banks and chip stocks, has carried over. U.S. indexes are again flirting with records. After two days of underwhelming big bank earnings, Wall Street’s bulge bracket stepped up to the plate and hit a home run. Goldman Sachs in particular reported a blowout quarter, and Morgan Stanley also shone with record trading revenue. TSMC’s upbeat comments ignited the chip rally.

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