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GameStop rally reignites as retail traders step back in Bailey Lipschultz, Elena Popina and Sarah Ponczek, Bloomberg News Reddit-driven investing likely the beginning of a permanent trend: Aventine s James Telfser VIDEO SIGN OUT GameStop Corp. advanced on Friday and was on track to recoup much of Thursdayâs US$11 billion blow after Robinhood Markets Inc. and other brokerages eased trading restrictions on the video-game retailer. The shares at the center of the retail craze thatâs gripped Wall Street and drawn scrutiny from Washington, rose 67 per cent to US$330 at 12:50 p.m, after earlier climbing as much as 114 per cent. in New York. The stock plunged a record 44 per cent on Thursday. Shares in other day-trader favorites also rebounded. ....
GameStop pares rally to double digits as retail traders pile in SECTIONS Last Updated: Jan 29, 2021, 09:31 PM IST Share Synopsis The stock, face of the retail craze that’s gripped Wall Street and drawn scrutiny from Washington, trimmed intraday gains of as much as 114% to 60% at 10:30 a.m. in New York. The stock plunged a record 44% in Thursday’s US cash session. AP Other day-trader favorites also surged back after tumbling Thursday, although pared their gains from earlier highs. GameStop Corp. pared an early sharp rally but was still on track to recoup much of Thursday’s $11 billion blow after Robinhood Markets Inc. and other brokerages eased trading restrictions on the video-game retailer. ....
Updated Jan. 11, 2021 4:35 pm ET A slide in shares of technology giants weighed on the broader market Monday as investors grew wary of the potential for heightened regulation tied to the market’s most enduring winners. The S&P 500 declined 25.07 points, or 0.7%, to 3799.61 after hitting a record on Friday. The tech-heavy Nasdaq Composite dropped 165.54 points, or about 1.3%, to 13036.43. The Dow Jones Industrial Average shed 89.28 points, or 0.3% to 31008.69. Tech heavyweights underperformed the broader market as they slashed access to some of President Trump’s favorite megaphones after the storming of the Capitol by his supporters. The riot, planned and discussed on social media, is expected to spur Congressional efforts to regulate big tech. Facebook has indefinitely suspended President Trump, while Apple , Amazon.com and Alphabet ’s Google retracted support for the social-media app Parler. ....
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