Reddit-Fueled Meme Stocks Are Tanking Again–GameStop Losses Near $14 Billion While Dow Jumps Another 250 Points

Shortly after the market open, the Dow Jones industrial average was jumping 262 points, or 0.9%, while the S&P 500 the tech-heavy Nasdaq also climbed about 0.8% each.Among firms leading gains in the S&P, lab instruments company Waters Corporation and courier UPS are up 6% and 5%, respectively, after both companies posted better-than-expected fourth-quarter sales and income before the opening bell, tacking on to one of the best earnings season on record.

Shares of oil giant BP are down 4% after the firm posted its first annual loss in a decade, losing $5.7 billion last year ; ExxonMobil shares, meanwhile, are up 3% after a better-than-expected earnings report—despite the firm posting a $20 billion loss for 2020. The Reddit rally, meanwhile, continues to unravel Tuesday, with GameStop shares plunging another 40%, pushing the meme stock's market value loss up to about $13 billion since Friday; AMC shares, which managed to stay roughly flat Monday, are down a staggering 30%.

After surging 11% to an eight-year high on Monday, silver prices are down about 6% Tuesday morning after the Chicago Mercantile Exchange said it would"After experiencing pressure last week, stocks rebounded Monday and those gains are extending so far Tuesday morning.

BTFD 😹😹🚀🚀💎💎💎💎

We not selling. We know hedge fund trading with each other to bring the price down. Tell it to you masters. We can stay more retards than your masters can stay solvent

HODL with me

👐💎

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