Cleveland Cliffs and Dave & Buster's rallied, Caterpillar rose on the Dow, as bond yields slipped and stock futures inched higher. Read More...
Reuters
US STOCKS-S&P 500 flirts with record high, ‘meme’ rally rolls on
Wall Street indexes kept to tight ranges on Wednesday ahead of key inflation data this week, while small-time retail investors bought into several more stocks as a social media-fueled rally continued. While the S&P 500 was trading just below record highs, a lack of new catalysts saw it struggling to break above its last high of 4,238.04 points. Buying into so-called “meme stocks” by small-time retail investors continued, although they appeared to have pivoted to other stocks such as prison operator GEO Group, which surged 41.2%, and World Wrestling Entertainment, up 13.9%.
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