Market update for Monday May 11, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Why Moderna and other pharma stocks are surging on hantavirus headlines Circle’s $222 million Arc blockchain raise backed by BlackRock, Apollo, and others Monday.com’s earnings beat thanks to AI push Nintendo’s stock drop after a Switch 2 price hike and weak sales forecast Why the New York Knicks could eventually become their own publicly traded company

Hantavirus Sends Moderna Higher, Circle Raises $222M for New Blockchain

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Monday, May 11th. In today's episode, we'll preview this upcoming week, including multiple inflation reports. We'll also tell you why pharma stocks are surging on the Hantavirus headlines and whether Moderna can pull off another COVID-era run. Then stick around to the end of the show to find out why Jalen Brunson might be hopping on an earnings call soon.

We got a great show for you today. Let's go. Stocks continue to roll. Both the S&P and NASDAQ are coming off their sixth straight week of gains. The S&P 500 jumped 2.4% last week, while the NASDAQ surged 4.5%. And this rally right now is being carried by chip stocks.

The stocks semiconductor index was up over 10% last week alone, and it's now gone up 65% on the year. And if you look over just the last six weeks, semiconductor companies have added roughly $3.8 trillion in market cap. Some of the biggest winners so far include Intel, which is up nearly 240% this year, Micron, which is up 160%, and AMD, which is up 110%.

And I can't forget about SanDisk. It's the best performing stock in the S&P 500, up 550% this year. By the way, we actually did a deep dive over the weekend about chip stocks and whether or not we're in a bubble right now. We've gotten some great feedback on that episode, so definitely go check it out if you haven't already. Now, zooming out, this chip rally is one part of the story. I think the other part, though, is the overall incredible earnings season.

Hantavirus Sends Moderna Higher, Circle Raises $222M for New Blockchain

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Hantavirus Sends Moderna Higher, Circle Raises $222M for New Blockchain

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.