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Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big

June 11, 2021

The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone in Hastings-On-Hudson, New York, USA on Friday, January 29, 2021.Tiffany Hagler-Geard | Bloomberg | Getty ImagesThe meme stock mania sparked by the day trading Reddit crowd fizzled out a bit on Thursday.It's easy for many speculative names favored by...

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Business

Clean Energy Fuels stock soars as retail traders pick new meme stocks

June 9, 2021

Clean energySource: Clean EnergyA new day means new destinations for retail.Clean Energy Fuels' shares rose 29.3% at 1:30 p.m. ET on Wednesday, coinciding with mentions of the company on internet chat boards.According to data from HypeEquity, Clean Energy Fuels was the second most talked-about name among retailers in the last hours leading up to the bell on Wednesday.Enthusiasm for...

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Business

AMC leads meme stocks lower Friday to close out a wild week

June 4, 2021

The AMC Empire 25 near Times Square is open as New York City theaters reopen on March 5, 2021 for the first time in a year since the coronavirus shutdown.Angela Weiss | AFP | Getty ImagesIt was a full week for AMC Entertainment and other meme stocks as frenzied trading, inspired by Reddit's chat rooms, swept Wall...

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Business

Stocks, JBS Hack and the Economy: Live Business Updates

June 2, 2021

Daily Business BriefingJune 2, 2021Updated June 2, 2021, 12:14 p.m. ETHomebuilding in Delaware last month. Significant growth in employment is expected to start in the second half of 2021, the U.N. labor organization said. Credit...Alyssa Schukar for The New York TimesGlobal employment will take years to return to prepandemic levels, the United Nations’ labor organization said on Wednesday in a report...

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Business

Stocks rise as S&P 500 inches toward new record

June 2, 2021

The S&P 500 rose on Wednesday and was near an all-time high after its subdued start in June. The 500 stock index rose 0.32%, about 0.5% from its high. The Dow Jones Industrial Average added 110 points. The technology-heavy Nasdaq Composite gained only 0.2%. Stocks tied to the economic reopening were slightly weaker on Wednesday. Retail...

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Health

Stocks trade lower as country for ‘total’ lockdown

May 31, 2021

A man wearing a face mask to protect against Covid-19 walks past two Malaysian flags in the capital, Kuala Lumpur.Faris Hadziq | SOPA pictures | LightRocket via Getty ImagesStocks in Malaysia fell on Monday as the government announced a nationwide "total lockdown" to contain the rapidly rising daily Covid-19 infections in the country.The benchmark index FTSE Bursa...

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Business

Tesla, Coinbase lead drop in crypto-related stocks as bitcoin plunges

May 20, 2021

SpaceX founder and Tesla CEO Elon Musk watches as he visits the construction site of the Tesla gigafactory in Gruenheide near Berlin on May 17, 2021.Michele Tantussi | AFPCryptocurrency-related stocks, led by Tesla and Coinbase, fell on Wednesday as Bitcoin broke the equivalent of a bear market in just one day.Bitcoin fell more than 30% at its low...

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Business

Stocks Rally but End the Week With a Loss

May 14, 2021

Wall Street ended higher on Friday at the end of a broad rally. An optimistic conclusion to the whip weeks of buying and selling as a sign of a recovering economy struggled with increasing fluctuations in inflation.All three major US indices built on Thursday's gains as the S&P 500 posted its largest one-day percentage gain in over a...

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Business

Cathie Wood loves the setup for her stocks after sell-off, expects big returns from her strategies

May 8, 2021

Cathie Wood, founder of Ark Invest, said Friday that the decline in technology stocks was nothing to worry about and that her long-term bets would pay off over time."I love this setup," she said on CNBC's Closing Bell on Friday. "The worst that could have happened to us is that the market is only focused on our stocks...

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Business

Solar stocks are getting slammed as supply chain bottlenecks hit renewables sector

May 5, 2021

choja | E + | Getty ImagesSolar stocks declined Tuesday, building on recent weakness as companies warn of the impact of supply chain bottlenecks and parts shortages.The Invesco Solar ETF, which is tracking the space, was down 7%, bringing its one month decline to 15%.SolarEdge was the largest detractor on the fund, down 15%. The company...

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