Stocks Retreat from May Highs as GameStop Fuels Meme Stock Rally

Reported 6 months ago

Stocks such as (^DJI, ^GSPC, ^IXIC) are declining after strong gains in May. Trading resumed after a NYSE glitch affected companies like Berkshire Hathaway (BRK-A, BRK-B) and Barrick Gold (GOLD). Meme stocks are gaining momentum, driven by 'Roaring Kitty' who created buzz on social media by indicating a $175 million GameStop (GME) position. Notable trending tickers on Yahoo Finance include AMC Entertainment (AMC), Novavax (NVAX), and Eli Lilly (LLY). Expert guests featured are John Vinh from KeyBanc Capital Markets and Jay Chaudhry, CEO of Zscaler.

Source: YAHOO

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