U.S. Stocks Fall as GameStop Frenzy Builds

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U.S. stocks fell, with the Dow down more than 600 points, as frenzied trading continued to drive GameStop and other heavily shorted shares

U.S. stocks fell Friday as frenzied trading continued to drive GameStop and other heavily shorted shares, pointing to a volatile end to 2021’s first month of trading.

The Dow Jones Industrial Average fell 0.7% and the S&P 500 declined 0.6%, a day after rising nearly 1%. The tech-heavy Nasdaq Composite lost 0.5%. Shares of GameStop jumped roughly 70% after closing down 44% Thursday. AMC Entertainment was up 54%. Robinhood Markets, a popular venue for online traders that had restricted trading in GameStop and AMC, said late Thursday itThe frenetic trading has caught the attention of lawmakers and regulators. On Thursday, both Rep. Alexandria Ocasio-Cortez and Sen. Ted Cruz took to Twitter to criticize Robinhood.

“The GameStop story, where you have retail investors that are a new actor on the market, [is] one that people cannot ignore,” said Luc Filip, head of private banking investments at SYZ Private Banking. “There are some critical links for .” Those investors are selling other long positions to close out money-losing short positions, weighing down markets overall.

 

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that’s because 8men

Oh no... Poor Wall Street. Anyways. Meme Street is skyrocketing! stonks

This is what happens when you abuse the little guy & try to tell us it’s for our own good! The United People will continue this legal maneuver until we get substantial changes in our financial systems. We found the Weakness of WallStreet! We’ll wield this pwr as long as needed.

Good maybe you can get your rich friends to bail you out

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Retail investors will bankrupt a few hedge funds - the whole market will panic sell - stonks

Futures and short markets are gambling.

GSAT

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🤔

Hold the line peepz 🚀🚀🚀🚀

$txmd will be on the list soon with 65M shares short and a low entry point

Hedge funds are selling their positions as they prepare to close their shorts, meaning they have to pay those of us who are holding $GME. The fact that the whole market is down because of this shows us that this is just the beginning. We set the price. Hold til AT LEAST $10k!

이 세대에 보이는 주님의 기적에는 목적이 있습니다. 인간의 마음 속에 예수님을 전하기 위함입니다. 회개하십시오. 죄에서 돌이키십시오. 거룩하십시오. 메시아께서 오십니다.

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Dear SEC we just want an even playing field. Under current rules that would be: 1. All profits kept 2. All losses covered by government bailouts 3. Oh and we dont want to pay any of those taxes that were used to bail us out

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