Despite Yesterday’s Stock Rally, Concerns Across Multiple Sectors Remain. 5/24/22

Despite yesterday’s gains in U.S. stocks, the S&P 500 is still down more than 17% from its record high, set on January 3 earlier this year. New York Stock Exchange President Lynn Martin joins us from the World Economic Forum in Davos to discuss the state of the markets and volatility. Plus, while shares of Snapchat are sinking after CEO Evan Spiegel warned shareholders that the company will miss its own targets for revenue, shares of Zoom Video are soaring after reporting better-than-expected first quarter earnings. Jared Weisfeld of Jefferies joins us to compare these two big money movers. And, according to a new Redfin report, the monthly cost of a mortgage is up 43% from last year. Ryan Gorman of Coldwell Banker joins us to dive into the state of the housing market.