Tuesday, 02 Feb 2021 07:38 AM MYT
Video game retailer GameStop Corp, at the centre of last week’s Reddit rally, slid 30.8 per cent to US$225 (RM909.79), but other shares caught up in the frenzy that has battered short-sellers extended their advance, including BlackBerry Ltd. Reuters pic
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LONDON, Feb 2 A social media-driven buying spree lifted silver to an eight-year high yesterday but the rally cooled on doubts about the ability of retail traders who are normally focused on stocks to move prices in a bigger, more liquid commodities market.
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(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) iShares Silver Trust ETF set for best day since 2008 Wall Street’s fear gauge eases from 3-month high Indexes up: Dow 0.38%, S&P 0.65%, Nasdaq 0.99% (Updates to market open)
Feb 1 (Reuters) - Wall Street’s main indexes climbed on Monday following a steep sell-off last week, as a shift in the retail trading frenzy to silver drove up mining stocks and investors monitored progress in talks over economic stimulus.
Nine of the 11 major S&P sectors advanced, with technology leading gains. Energy and consumer staples lagged the most.
Reddit Users Fuel Rally in Silver — 2nd Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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(Reuters) - U.S. stocks finished sharply higher for a second straight day on Tuesday, helped by gains in Amazon.com and Google-parent Alphabet ahead of their results and by optimism over progress on a U.S. pandemic relief package.
FILE PHOTO: Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, NY, U.S., April 30, 2018. REUTERS/Brendan Mcdermid/File Photo
While Amazon.com Inc ended the regular session up 1.1%, the company shocked investors after the bell with news that Jeff Bezos would move to the role of executive chairman in the third quarter and be replaced by Amazon Web Services head Andy Jassy as chief executive officer.
NEW YORK, Feb 2 Global shares rebounded from last week’s steep sell-off and silver prices surged yesterday as retail investors expanded their social media-fuelled battle with Wall Street to drive the precious metal to an eight-year high. A shift in the retail trading frenzy to silver drove up.