Watch Now
News23ABC Morning Show

Actions

Financial expert Sherod Waite explains what's happening on Wall Street

Financial Markets Wall Street Stock Market
Mark Lennihan/AP
FILE - A sign for Wall Street is carved in the side of a building, Thursday, Nov. 5, 2020, in New York. Stocks are opening broadly higher on Wall Street Friday, Nov. 13, keeping the market on track for its second weekly gain in a row. (AP Photo/Mark Lennihan)
Financial Markets Wall Street Stock Market
GameStop
Wall Street, Stock Market
Wall Street, Stock Market
Posted
and last updated

BAKERSFIELD, Calif. (KERO) — Minds are still trying to wrap around what is going on in Wall Street after GameStop stock surged last week thanks to a group of small investors on Reddit driving up the price of the stock.

CEO and co-owner of MoneyWise Wealth Management Sherod Waite talks with 23ABC's Mike Hart and explains what's going on.

Moneywise Guys provide insight on 'RobinHood' backlash

Copyright 2021 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Tuesday

01/21/2025

Mostly Sunny

64° / 34°

0%

Wednesday

01/22/2025

Sunny

62° / 37°

1%

Thursday

01/23/2025

Sunny

71° / 40°

0%

Friday

01/24/2025

Partly Cloudy

72° / 43°

0%

Saturday

01/25/2025

Partly Cloudy

60° / 38°

24%

Sunday

01/26/2025

Partly Cloudy

58° / 38°

12%

Monday

01/27/2025

Mostly Sunny

58° / 36°

7%

Tuesday

01/28/2025

Sunny

62° / 38°

0%