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Dow Futures Climb Higher As Reddit Retail Grip Fades; GameStop, AMC Slump

Dow Futures Climb As Reddit Retail Grip Fades; GameStop, AMC Plunge TheStreet 2/2/2021 The Tuesday Market Minute Global stocks extend gains as the retail investor grip on Wall Street eases and investors focus shifts to vaccine rollout improvements and progress on stimulus talks. The CBOE s market volatility gauge tumbles as retail-fueled short-squeezes run out of steam, with key stocks such as GameStop, AMC Entertainment and Koss Corp retreating sharply in pre-market trading. CDC data suggests that as many Americans have received at least one vaccine dose as have tested positive for COVID-19, a key benchmark in the government s ambition to eradicate the virus before the end of the year.

Alibaba Tops Q3 Earnings Forecast, Notes Substantial Uncertainties For Ant Group

Alibaba Tops Q3 Earnings Forecast, Notes Substantial Uncertainties For Ant Group TheStreet 2/2/2021 © TheStreet Alibaba Tops Q3 Earnings Forecast, Notes Substantial Uncertainties For Ant Group Alibaba Group Holding Co. Ltd. posted stronger-than-expected third quarter earnings Tuesday thanks to a record Single s Day shopping even in November, but cautioned that the delayed IPO of Ant Group is still subject to substantial uncertainties . Alibaba said diluted non-GAAP diluted earnings for the three months ending in December, the group s fiscal third quarter, were pegged at $4.42 per share, well ahead of the Refinitiv-collected forecast of $3.23 pre share. Group revenues, Alibaba said, rose 37% to 221.08 billion Chinese yuan, or $34.25 billion. That also topped analysts forecasts of a $33.04 billion tally.

Dow Futures Climb As Reddit Retail Grip Fades; GameStop, AMC Plunge

Dow Futures Climb As Reddit Retail Grip Fades; GameStop, AMC Plunge TheStreet 2/2/2021 The Tuesday Market Minute Global stocks extend gains as the retail investor grip on Wall Street eases and investors focus shifts to vaccine rollout improvements and progress on stimulus talks. The CBOE s market volatility gauge tumbles as retail-fueled short-squeezes run out of steam, with key stocks such as GameStop, AMC Entertainment and Koss Corp retreating sharply in pre-market trading. CDC data suggests that as many Americans have received at least one vaccine dose as have tested positive for COVID-19, a key benchmark in the government s ambition to eradicate the virus before the end of the year.

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