29 Jan 2021 / 04:11 H.
By Sagarika Jaisinghani, Shriya Ramakrishnan and Anna Irrera
Jan 28 (Reuters) - An army of retail investors that has routed Wall Street's professionals in recent days was dealt a blow on Thursday, after online brokerages Robinhood Markets Inc and Interactive Brokers restricted trading in red-hot GameStop and several other social-media darlings stocks that had soared this week.
Shares of retail favorites including GameStop and AMC Entertainment plummeted on the news and broader markets shot higher.
Retail investors, celebrities and policymakers decried the restrictions and online forums boiled with anger, accusing the trading platforms of trying to protect Wall Street's interest at the expense of smaller investors.