Squawk on the Street
Market Momentum, Apple's Apology, EV Watch 5/10/24
May 10, 2024
Financial news anchors Carl Quintanilla, Jim Cramer, and David Faber discuss market momentum, high-flying stocks, Apple's apology, China's Zeekr IPO, Tesla's market share in China, President Biden's China tariffs, Warner Bros. Discovery, and NBA rights battle
42:01
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Quick takeaways
- Market indices show positive momentum, with Dow and S&P climbing, signaling potential bullish trends.
- Apple's public apology for controversial ad campaign highlights the importance of brand accountability.
Deep dives
Big idea of State Street launching SPY ETF
30 years ago, State Street introduced the Spider S&P 500 ETF, a groundbreaking concept that revolutionized investing strategies worldwide. This ETF encouraged a unique approach to investment and continues to be influential.
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