Stock market today: Nasdaq rises, Dow slumps in bumpy trading day as GameStop rallies

US stocks closed mixed on Monday to kick off a volatile first trading day of June. The tech-heavy Nasdaq Composite finished the day in positive territory, up about 0.6%, after flip flopping throughout the trading session. The benchmark S&P 500 did the same, rising about 0.1% while the Dow Jones Industrial Average recovered from steeper losses to shed more than 100 points, or around 0.3%.

Bond yields also moved to the downside, with the 10-year Treasury yield falling about 11 basis points to trade near 4.40%. Meanwhile, a surge in GameStop shares grabbed the spotlight, firing up speculation again of a return to a 2021-style meme rally. The stock skyrocketed over 100% at one point after a Reddit post apparently by Keith Gill — aka "Roaring Kitty" — showed a big bet by the influential trader. Fellow meme darling AMC's shares shot up as much as 27% alongside the move.

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