The stock market got a nice recovery on Wednesday, spurred by a measured response from the Federal Reserve with respect to its monetary policy going forward. The Fed walked the fine line between doing too much or too little to address ongoing concerns about inflation, and investors were pleased with what they saw. After having been down much of the day, the S&P 500 (SNPINDEX: ^GSPC), Dow Jones Industrial Average (DJINDICES: ^DJI), and Nasdaq Composite (NASDAQINDEX: ^IXIC) finished with sizable gains. Read More...
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AMC Is Falling Again, but This IPO Stock Is Really Getting Hammered
The stock market has been turbulent recently, and the spell of mixed performance seemed likely to continue based on Tuesday morning’s premarket moves. As of 8:15 a.m., futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI) were up 20 points to 35,665, but S&P 500 (SNPINDEX: ^GSPC) futures had fallen 8 points to 4,661, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) saw its futures contracts drop 76 points to 16,006. AMC Entertainment Holdings (NYSE: AMC) has fallen by nearly half in the last month, and its stock was giving up even more ground in premarket trading Tuesday morning. Below, we’ll look at why AMC has hit the skids and also look into the initial public offering (IPO) stock that’s making news.
