For the first time since the Reddit-fueled trading frenzy rattled markets last week, the broader stock market is nabbing gains alongside the bulk of meme stocks, and although the mayhem seems far from over, the coming week should provide much-needed clarity on the broader economic front, with key stimulus negotiations moving forward and major earnings set to be released.
Heading up gains in the S&P, shares of International Flavors & Fragrances are surging 12% after the firmit is set to complete its previously announced merger with DuPont's nutrition and biosciences business on Monday, creating a combined company with annual revenues of more than $11 billion. After skyrocketing 400% and 275% last week, shares of GameStop are down 10%, while AMC is climbing 20% Monday as online brokerage Robinhood relaxes itsMeanwhile, some Reddit traders have turned attention to silver, pushing the commodity's price up 11% to an eight-year high in an attempt to once again squeeze money out of Wall Street firms, but many on the discussion boardOther meme stocks are also faring well Monday, with BlackBerry, Virgin Galactic and Naked Group up 5%, 8% and 11%,...
Global stocks also largely pushed higher after a lukewarm end to last week, with Japan's Nikkei 225 closing up 1.6% Monday, while the United Kingdom's FTSE 100 climbs 1.1%, and Germany's DAX index jumps 1.4%.Monday to discuss a compromise bipartisan stimulus package. The group has proposed a slimmed-down $600 billion bill that's far less than the president's $1.9 trillion rescue bill.
Literally no one is talking about silver, way to push a false narrative
WSB ≠ Reddit traders
Forbes, my mum is critically ill, we ve got no money😢