US stocks stumble into the long weekend, giving back most gains

News

Meme stocks had a big turnaround

Shares of AMC went for a wild ride today in the latest meme stock mania. The company closed Thursday at $26.75 then soared to $36.72 at the open before turning around to finish 1.5% lower at $26.12.

Shares of GME finished 12.6% lower after opening 3% higher as well.

The selling in meme stocks and the overall market accelerated late ahead of the US month end and a long weekend that will keep markets closed through Monday.

On the day:

  • SPX up 3 points to 4204 (high of 4218) +0.1%
  • DJIA +0.2%
  • Nasdaq +0.1%
  • Russell 2000 -0.2%
  • Toronto TSX +0.4% (new record)

On the week:

  • SPX +1.2%
  • DJIA +0.9%
  • Nasdaq +2.0%
  • Russell 2000 +2.4%
  • Toronto TSX +1.6%

On the month:

  • SPX +0.6%
  • DJIA +1.9%
  • Nasdaq -1.5%
  • Russell 2000 +0.1%
  • Toronto TSX +4.1%

The chart of the Nasdaq above is an interesting one. The drama for the year certainly isn’t over because that’s eventually going to break in one direction or the other. Lately, it’s shown it can handle a bit of taper talk and that’s a positive.

Invest in yourself. See our forex education hub.

Articles You May Like

AUD/USD plunges below 0.6700 as upbeat US Services PMI renews hawkish Fed bets fears
Dollar retraces its rise. GBPUSD trades to a new session high
US Intelligence says Chinese President Xi Jinping is unwilling to accept Western vaccines
GOLD Live Forex Trading Signals Today #forex #gold #xauusd
GBPUSD having a volatile couple of hours of trading