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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
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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.

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 This material may not be published, broadcast, rewritten, or redistributed.

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