Reported 4 months ago
US stocks experienced mixed results on Monday as the Nasdaq Composite rose by approximately 0.6%, the S&P 500 increased by about 0.1%, and the Dow Jones Industrial Average fell by over 100 points or around 0.3%. A weaker-than-expected reading on the manufacturing sector impacted the major averages, with investors debating future Fed rate cuts. Bond yields also declined, with the 10-year Treasury yield falling by about 11 basis points. Meanwhile, GameStop shares surged over 100% after a Reddit post speculated a resurgence in meme stock rally, while AMC's shares also rose significantly. GME shares were halted briefly due to volatility but eventually settled around a 20% gain, with AMC closing up about 10%.
Source: YAHOO