Markets Aim for a Rebound, Big Tech's $1T Value Drop, Peloton Plummets and Pfizer Strikes a $11.6B Deal. 5/10/22
Carl Quintanilla, Jim Cramer and David Faber explored the continuing market volatility: Stocks look to rebound one day after a sell-off which saw the S&P 500 close below 4,000 for the first time in more than a year. The anchors discussed the tech giants losing more than $1 trillion in value over the last three trading days, and whether now's the time to go bargain hunting for those names and high-flying growth stocks that have taken a hit this year. Also in focus: The "WFH stock blues" continue as Peloton shares fall to record lows on wider-than-expected losses, Biohaven soars more than 70% after agreeing to be acquired by Pfizer in an $11.6 billion deal, AMC CEO Adam Aron's eye-opening comments from the company's earnings call, and what billionaire investor David Tepper told CNBC about the Nasdaq.
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