Along with GameStop, which pared gains to close up 18.3%, cinema chain AMC Entertainment finished up 14.6% and headphone maker Koss added 13.4%
(Reuters) - The S&P 500 surged on Monday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another COVID-19 vaccine getting U.S. approval and fiscal stimulus bolstered expectations of a swift economic recovery.
NEW YORK (Reuters) - Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the $1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine.
Walmart announced in January that it formed a partnership with Ribbit Capital to create a new financial technology startup
US bond market rout eases; shares of cruise liner and hotel operators, and carriers including Carnival Corp, Hilton, Delta Air Lines Inc and American Airlines gained between 1.8% and 4.6%
President Joe Biden scored his first legislative win as the House of Representatives passed his $1.9 trillion coronavirus relief package early Saturday
The advance to decline ratio favoured bulls as nearly 2x stocks rose for every 1 stock that declined on the BSE
NEW YORK (Reuters) - The Nasdaq recovered and the bond rout eased a bit on Friday, but equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive.
(Reuters) - GameStop Corp closed 6% lower on Friday as an early rally fizzled but the stock finished the week 151% higher in a renewed surge that left analysts puzzled.
NEW YORK (Reuters) - The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index's worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high.
GameStop shares touched $120.60 and were on track to nearly triple this week in an equity market where falling bond prices have weakened general investor sentiment towards US stocks
(Reuters) - The S&P 500 and the Nasdaq index opened higher on Friday following a sharp pullback on Wall Street as tech-related stocks rebounded but sentiment remained fragile, with U.S. bond yields at one-year high.
In the intra-day trade, the benchmark S&P BSE Sensex tumbled 2,149 points while the Nifty50 index slumped 629 points
U.S. Treasury yields vaulted to their highest since the pandemic began on expectations of a strong economic expansion and related inflation
"The power of the "three R's" (Robinhood, Retail, Reddit) are back in play," said Neil Campling, head of technology research at Mirabaud Securities
The Dow and the S&P 500 notched their biggest daily decline since late January
GameStop shares hit $160 at the open before being halted after several minutes of trading and fell to around $129 before the second halt
Online discussion forum Reddit suffered a major outage and users were unable to load the website that showed a blank white page for nearly an hour.
GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading
NEW YORK (Reuters) - Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.