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Stock Market Today: Dow closes above 40,000 for first time to extend wining streak

Meme stocks made headlines this week as heavy trading activity in GameStop, AMC Entertainment, and other stocks drew speculation of a meme stock resurgence.

NEW YORK (Reuters) -- The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scorin

GameStop shares fell 20% after the videogame retailer said that it would sell up to 45 million more shares and that sales were continuing to slide sharply.

GameStop shares on Friday were back to levels they were trading at last week, having erased nearly all of the peak intra-week gain of 271%.

Investors wrapped a busy week of inflation data, new records for the stock market and the return of wild trading in the so-called meme stocks led by GameStop and AMC.

NEW YORK — The Dow Jones Industrial Average finished a day above the 40,000 level for the first time on Friday as U.S. stock indexes drifted around their records while

The Dow Jones Industrial Average finished a day above the 40,000 level for the first time as U.S. stock indexes drifted around their record heights to close their latest winning

The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up a fourth straight week of gains. The Dow rose to end the fifth week of advances in a row.

From Chinas attempts to end the property crisis, OpenAI dissolving its Superalignment team, Chinas Nio challenging Tesla with Onvo, and ByteDance seeking to expedite its TikTok lawsuit, heres a look at recent business developments around the world.