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Marketplace All-in-One

Wall Street’s momentum continues

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 23 February 2024

⏱️ 1 minutes

🧾️ Download transcript

Summary

Stocks open higher, continuing yesterday’s rally; Reddit files paperwork with the Securities and Exchange Commission for initial public offering; the Biden administration issues more sanctions against Russia; AT&T says it’s restored service to all customers affected by yesterday’s outage.

Transcript

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0:00.0

Wall Street's momentum continues.

0:02.8

I'm Nancy Marshall Genser with the Marketplace Minute.

0:05.6

Stocks open higher today.

0:07.2

There was a big rally yesterday after Invidia reported much better than expected earnings.

0:12.3

Invidia makes computer chips used in AI.

0:15.1

Its results pushed up other tech stocks.

0:17.9

Reddit is going public.

0:19.3

It's filed paperwork with the Securities and Exchange Commission

0:22.4

for an initial public offering.

0:24.5

It would trade on the New York Stock Exchange under the ticker R DDT.

0:28.6

Reddit says it has more than 70 million average daily active users.

0:32.7

The Biden administration issued more sanctions against Russia today.

0:36.3

The administration says it's targeted more than 500 individuals and entities, including the

0:40.9

mere payment system and people in third countries who the

0:44.1

administration says have helped Russia evade sanctions.

0:47.1

And AT&T says it's restored service to all customers affected by yesterday's outage.

0:52.1

The company says the problems were caused by what it called customers affected by yesterday's outage.

0:52.5

Company says the problems were caused by what it calls

0:55.1

an incorrect process during a network expansion,

0:58.2

not a cyber attack.

0:59.8

I'm Nancy Marshall Ginser with the Marketplace Minute.

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