News Formal

Stock market today: Nasdaq leads stocks higher while GameStop skyrockets

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 17 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nasdaq Composite Nyheter

Gamestop,Nvidia

US stocks are eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back

The tech-heavy Nasdaq Composite and benchmark S&P 500 rose on Monday, with US stocks eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back. The Nasdaq and S&P rose about 0.8% and 0.4%, respectively, as Nvidia shares popped on the heels of an AI chip update. The Dow Jones Industrial Average hovered around the flatline. A surge in GameStop shares grabbed the spotlight, firing up speculation again of a return to a 2021-style meme rally.

Overall, stocks are on track to build on their strong performance in May, which saw all three major gauges break records during the month. The mood has turned more positive after PCE data gave hope that inflation has turned a corner, prompting optimism that the Federal Reserve will look more kindly on a cut to borrowing costs.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 47. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock market today: Nasdaq leads US futures higher while GameStop skyrocketsUS stocks are eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

GameStop stock gains more than 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

GameStop stock gains 60% as meme-stock market returns with a vengeanceGameStop stock stock surged again early Tuesday, adding to a 74% rise on Monday as meme stocks appear to be back in vogue.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »