Stocks (^DJI, ^IXIC, ^GSPC) close Monday mixed as the Dow Jones Industrial Average slips further and the ISM's manufacturing Purchasing Mangers' Index (PMI) and GameStop's (GME) renewed meme rally throw markets for a loop. Market Domination Overtime Anchors Julie Hyman and Josh Lipton walk you through the market close, joined by Yahoo Finance's Head of News Myles Udland to make sense of GameStop's second stock spike in a month. Citron Research Founder Andrew Left also joins the show to expand upon why he is shorting the meme stock staple again after 2021's trading frenzy spurred by retail trader "Roaring Kitty" — the online username of Keith Gill — calling this phase of the meme trade "totally different" from the last This post was written by Luke Carberry Mogan.
In a securities filing Monday, Coherent announced the appointment of a new chief executive officer. The hire leaves an opening at Lattice.
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) fell 15.4% in the morning session after the company announced that President and Chief Executive Officer Jim Anderson is stepping down to pursue new opportunities. Esam Elashmawi, Chief Marketing and Strategy Office will replace him as Interim Chief Executive Officer effective immediately.