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Most U.S. stocks rise as small caps take the lead
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by Tyler Durden
Wednesday, May 26, 2021 - 07:52 AM
US equity futures rose on Wednesday, rebounding from a modest dip the day before as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session. At 7:15 a.m. ET, Dow e-minis were up 82 points, or 0.24%, S&P 500 e-minis were up 14 points, or 0.33%, and Nasdaq 100 e-minis were up 51.25 points, or 0.38%. Treasuries and the dollar were roughly flat, recovering from an earlier drop. BItcoin soared back over $40,000, rising as much as 8.6%, before paring gains.
Among the notable premarket moves were retail trader favorites GameStop and AMC which surged in U.S. premarket trading, adding to Tuesday’s rally as investors touted the stocks on social media platforms including Twitter, Stocktwits and trader WallStreetBets. The gains will add to losses for short-sellers of the stocks who have already seen $6
Eric Nuttall s Top Picks: May 28, 2021
AMC s embrace of day-trading crowd leads to dizzying rally
Wall Street pros are as baffled as anyone by the dollarâs fate
Gates divorce forces US$50-billion foundation to weigh changes
U.S. Justice Department opens probe into Archegos blowup
Lorne Steinberg s Top Picks: May 27, 2021
U.S stocks rise as strong data rekindle value rotation
Small caps take the lead in broad stock rotation
Kevin Burkett s Top Picks: May 26, 2021
Bank of Canada digital currency would be greener than Bitcoin, deputy says
Bitcoin bounces off highs as crypto market volatility increases
Green bond seller investing in coal shows how tricky ESG can be