GameStop Soars as Nasdaq and S&P 500 Futures Climb
TL;DR Summary
US stocks fell on Monday due to weak manufacturing data, with the Nasdaq Composite down 0.2%, the S&P 500 down 0.5%, and the Dow Jones Industrial Average dropping 1%. Bond yields also declined, with the 10-year Treasury yield falling to 4.41%. GameStop shares surged over 100% at one point after a Reddit post by Keith Gill, aka "Roaring Kitty," revealed a significant investment, sparking speculation of a meme stock rally. The NYSE experienced technical issues causing volatility halts, and Spotify announced another round of subscription price hikes.
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