U.S. Stocks Advance as Day-Trader Frenzy Eases: Markets Wrap
Bloomberg 1/28/2021 Vildana Hajric and Lu Wang
(Bloomberg) U.S. equities mounted a comeback from their worst loss since October as moves to limit retail traders’ speculation in some companies opened the door for hedge funds to load up on stocks they had been ditching.
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The S&P 500 Index rose 1% after trading platforms restricted activity in stocks whipsawed by internet chatter, from GameStop Corp. to AMC Entertainment Holdings Inc. and American Airlines Group Inc. Hedge funds that had shorted the stocks were burned in recent days, forcing them to reduce holdings in shares they loved in order to cut risk.
Airlines close books on rotten 2020 and so far, 2021 is grim sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
A guide to the new covid-19 testing rules for travel to the US
San Francisco International Airport in San Francisco. Photo AFP
6 min read
Alison Sider
, The Wall Street Journal
The CDC now requires passengers to show proof of a negative preflight test as cases continue to soar and new strains of the virus emerge
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Travelers flying to the U.S. from abroad now have to show proof of negative Covid-19 tests before boarding their flight. The Centers for Disease Control and Prevention has said preflight testing is necessary as Covid-19 cases continue to soar and more-contagious strains of the virus emerge around the world. President Biden signed an executive order on Jan. 21 affirming the new testing requirements and directing agencies to consider additional travel-safety measures.
The CEO of Tesla and a billionaire candidate for the California governorship have joined the wild hype around GameStop, a money-losing video game retailer.
The skyward march in GameStop Corp. accelerated Tuesday, its stock nearly doubling during exchange hours and then surging another 50% after being name-checke.