Newegg stock soars nearly 70% as sold-out Nvidia GPUs appear in product lottery
Newegg shares are soaring today after the company's Shuffle popular product drawing event had four models of Nvidia'shard to get GeForce RTX GPUs available.The models available in the lottery included the RTX 3060, RTX 3070, RTX 3070 Ti, and RTX 3090.Lottery winners still have to pay for the product, but Newegg's prices were far closer to the manufacturer's suggested retail price than elsewhere on the internet, where demand has pushed the GPUs into price gouging territory. The downside is that s
U.S. stocks sweep to fresh highs after strong jobs report
Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.The S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Sh