Stocks look to build on closing highs, Reddit IPO takes Wall Street: Yahoo Finance Live
Investors are looking to continue yesterday's win streak, which saw all three major indices (^DJI, ^IXIC, ^GSPC) end the day at new closing highs. The rally came after the Federal Reserve announced its decision to keep interest rates steady but noted it expects to cut rates three times this year. Wall Street is bracing for the public debut of Reddit (RDDT). The social media site begins trading on the NYSE today after pricing its IPO at $34/share, valuing it at nearly $6.5 billion. Yahoo Finance will speak with Reddit Co-Founder & CEO Steve Huffman around 11 a.m. ET. Yahoo Finance trending tickers include Micron (MU), Paramount (PARA), and Chewy (CHWY).
Key guests include:
9:30 a.m. ET - Keith Lerner, Truist Co-Chief Investment Officer & Chief Market Strategist
10 a.m. ET - Krish Sankar, TD Cowen Managing Director
10:30 a.m. ET - Jim Gold, Steward Partners CEO
11:15 a.m. ET - Esther George, Former Kansas City Fed President
