Nasdaq reaches record high as Powell reassures investors; U.S. producer prices rise in April; investors await Consumer Price Index report; tech stocks perform well; Home Depot and Alibaba shares decline; Biden announces tariff increases on Chinese imports; GameStop shares rally; AMC Entertainment and Koss Corp also see gains.
Meme stocks like GameStop and AMC Entertainment are surging again, driven by social media frenzy. Despite some changes in the market, the risk of losing everything remains for investors.