Meme Stocks, NFTs, Tech Rotation Dominate Crazy Quarter on Wall Street

  • 📰 WSJ
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

The first quarter offered no shortage of drama for markets. Meme stocks surged, celebrities dove into SPACs and a fire sale of stocks saddled some banks with losses, as investors big and small showed no fear of risk-taking.

that Archegos Capital Management had bet on caused well-known companies like ViacomCBS Inc. and Discovery Inc. to tumble.

If there is a unifying theme to all this, it is that investors big and small showed no fear of risk-taking to start 2021. In fact, they embraced it. Interest rates jumped this quarter, but they remain near historically low levels. The 10-year U.S. Treasury yield is around 1.7%, compared with 0.9% at the start of the year. Stocks

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

living in pain but never bowed, hated but love is all i have, left behind but still have faith, despised yet standing tall,that's the attitude we iraqi US allies have,please speed up the process of moving us to states, Reactivate SIV Pro

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines