On the daily markets analysis on Open For Business, Andrea Heng and Hairianto Diman speak with Steve Sosnick, Chief Strategist, Interactive Brokers.

The DORKs (DNUT, OPEN, RKLB, KSS) show how gamma squeezes can cause meme stocks to skyrocket, but also remind us of the risks involved. Play carefully.

The market saw a fresh meme stock frenzy this week. While high exuberance can be a contrarian sell signal, sources say the market is still in good shape.

As a result, Krispy Kreme's short interest had increased to 14.2% of shares outstanding, but a higher 26.4% of its publicly traded float, as of June 30. That's a high-enough short interest, especially in a lower-float stock, to cause a big move on a surge of unexpected buying. And it appears meme stock traders happened to target Krispy Kreme today.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

US Treasury secretary Scott Bessent announced on Tuesday that that a third round of trade talks with China is now scheduled and will commence next week in Sweden. The goal is to delay an August deadline that has threatened to increase tariffs between the world's two largest economies.