Dow Futures Climb As Reddit Retail Grip Fades; GameStop, AMC Plunge
TheStreet
2/2/2021
The Tuesday Market Minute
Global stocks extend gains as the retail investor grip on Wall Street eases and investors focus shifts to vaccine rollout improvements and progress on stimulus talks.
The CBOE's market volatility gauge tumbles as retail-fueled short-squeezes run out of steam, with key stocks such as GameStop, AMC Entertainment and Koss Corp retreating sharply in pre-market trading.
CDC data suggests that as many Americans have received at least one vaccine dose as have tested positive for COVID-19, a key benchmark in the government's ambition to eradicate the virus before the end of the year.