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Markets Making History, GameStop’s Volatility, COVID Vaccinations And Stimulus Watch, Tesla’s Bitcoin Buy, And Super Bowl TV Ads Reaction

Markets Making History, GameStop’s Volatility, COVID Vaccinations And Stimulus Watch, Tesla’s Bitcoin Buy, And Super Bowl TV Ads Reaction

Carl Quintanilla, Jim Cramer and David Faber discussed another record-setting day for stocks: The Dow, S&P 500 and Nasdaq hitting all-time intraday highs. The Reddit-fueled frenzy and market volatility remain in the spotlight after GameStop shares plummeted last week. Yields rise on optimism surrounding the $1.9-trillion COVID relief package, as well as the vaccination rollout. Also in focus: Tesla disclosing in an SEC Filing that it has bought $1.5-billion worth of Bitcoin, new developments regarding SPAC deals, plus reaction to Super Bowl television ads from the likes of General Motors and Reddit.

Squawk on the Street

February 8, 202144m 50s

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Show Notes

Carl Quintanilla, Jim Cramer and David Faber discussed another record-setting day for stocks: The Dow, S&P 500 and Nasdaq hitting all-time intraday highs. The Reddit-fueled frenzy and market volatility remain in the spotlight after GameStop shares plummeted last week. Yields rise on optimism surrounding the $1.9-trillion COVID relief package, as well as the vaccination rollout. Also in focus: Tesla disclosing in an SEC Filing that it has bought $1.5-billion worth of Bitcoin, new developments regarding SPAC deals, plus reaction to Super Bowl television ads from the likes of General Motors and Reddit. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.