Big tech got out of a slump Monday, as the Nasdaq Composite managed to eke out a gain after a three-session losing streak. The Dow Jones Industrial Average fell 0.3% while the S&P 500 was up 0.1%, churning out a small gain in final minutes of the regular trading session. Tech stocks snapped their losing streak thanks to Nvidia, the chip maker that unveiled new artificial intelligence products over the weekend. Read More...
GameStop Stock Jumps After ‘Roaring Kitty’ Reveals $116 Million Position
Is Keith Gill back? A Reddit account linked to the meme-stock folk hero posted for the first time in years over the weekend, with a screenshot showing a $116 million position in GameStop stock, plus a big options bet. The post, from the “DeepF—ingValue” account, was titled “GME YOLO update—June 2 2024.” Gill’s updates on Reddit more than three years ago, including regular “GME YOLO update” posts, helped spark enthusiasm for GameStop in January 2021.
The Wall Street Journal•
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