GameStop and other meme stocks fall after 3-day surge

Meme stocks are fizzling out after making massive gains on the return of"Roaring Kitty," who was largely responsible for the 2021 short squeeze of GameStop — U.S. stocks are rising Wednesday with hope that inflation is heading back in the right direction, and the S&P 500 is flirting with its record set a month and a half ago. But a stall in spending by U.S. households tired after years of high inflation is keeping the gains in check. The S&P 500 was 0.

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'Roaring Kitty' returns, sending meme stocks like GameStop surging once againIn this image from video provided by the House Financial Services Committee, Keith Gill, a GameStop investor, also known in social media forums as Roaring Kitty, testifies during a virtual hearing on GameStop in Washington, Thursday, Feb. 18, 2021.
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