Heard on the Street Wednesday Recap: GameStopped

News of cooling inflation is boosting stocks as the consumer-price index rose 3.4% in April, slightly slower than March but meeting economists’ expectations. Core prices, excluding volatile food and energy categories, increased at the slowest on-the-year pace since April 2021. This suggests a relatively stable inflation rate, which has positively impacted the stock market. However, meme stocks have not experienced the same level of growth.