GameStop Corp, the company whose stock became a sensation with day traders this year, said on Friday that Jenna Owens agreed to leave, just seven months after joining the video game retailer as its chief operating officer.
The U.S. markets functioned well during January's GameStop volatility, while short selling was not the main cause of the unprecedented rise in the 'meme stock,' according to a long-awaited Securities and Exchange Commission (SEC) report.
Wall Street stocks ended firmer on Thursday, with the S&P 500 hitting a record closing high, as economic data appeared to support the Federal Reserve's assertion that the current wave of heightened inflation will be temporary.
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) Prominent meme stocks snap rally Boeing gains on possible UAL order Pfizer rises on news of US govt deal Industrials lag on infrastructure bill uncertainty Indexes up: Dow 0.37%, S&P 0.59%, Nasdaq 0.78% (Updates to late afternoon; changes dateline, byline)
June 10 (Reuters) - Wall Street stocks rose on Thursday, with the S&P 500 on course to hit an all-time closing high, as the much-anticipated consumer price index report signaled that the current inflation wave will be transitory.
All three major U.S. stock indexes were higher, with market-leading megacap stocks putting the Nasdaq out front. But economically sensitive transports and smallcaps were in negative territory.