Latest "Spiderman" Installment Saves Theater Stocks, But is it Enough Amid COVID-19 Variant?

Both AMC and Cinemark shares rose Friday after a pandemic-era record number of moviegoers attended the 'Spider-Man: No Way Home' opening night. The movie is expected to pull at least $150 million in box office sales opening weekend. But is this momentum enough for theater chains as the COVID-19 omicron variant poses new threats? Daniel Loria, Editorial Director at Boxoffice PRO, joins Cheddar News' Closing Bell to discuss.
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Powerball Jackpot Soars to $1.3 Billion
After no ticket matched all six numbers in the Labor Day Powerball draw, the jackpot has ballooned to an astonishing $1.3 billion, the fifth largest in history.
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