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)

By: Anthony Wright, 23ABC

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

Weather

Enter zip code to change location

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Thursday

05/07/2026

Clear

-° / 62°

Friday

05/08/2026

Clear

92° / 60°

Saturday

05/09/2026

Clear

92° / 62°

Sunday

05/10/2026

Clear

97° / 67°

Monday

05/11/2026

Clear

102° / 70°

Tuesday

05/12/2026

Mostly Clear

100° / 64°

Wednesday

05/13/2026

Clear

90° / 62°

Thursday

05/14/2026

Mostly Clear

91° / 63°