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Apple may be planning to enter the auto industry, while Bitcoin is rising with the broader stock market as the vaccine rollout continues. The Madison Business Review's Bryce Roth breaks
The S&P 500 and Nasdaq Composite surged to new record highs, even though last week’s high fliers — GameStop and AMC Theatres — plunged 80.4% and 48.5%, respectively. Here's what
Stock market averages reached new highs this week after President-elect Joe Biden's victory was certified by Congress â despite an interruption from rioters. The Madison Business Review's Bryce Roth recaps a wild week and explains what's driving markets. Stocks of companies either left-for-dead or on life support, including GameStop and AMC Theatres, captured the attention of the nation by screaming higher with eye-popping respective gains of 400% and 277% last week alone on massive volume. Heavily shorted stocks made up an abnormally high percentage of stock volume on the New York Stock...
This week was a wild one for markets that may have long-term implications. It all started with GameStop being the center of what's called a short squeeze, which essentially is when traders bet on a companyâs stock price to fall by a certain date and it instead greatly increases. That leaves the previous investors to buy in order to save themselves from large losses. If the short sellers were successful in the first place, they would be able to make a decent profit, but in this situation, they lose a lot of money. A Reddit group, WallStreetBets, influenced millions to purchase GameSto...
Today A mix of clouds and sun in the morning followed by cloudy skies during the afternoon. Slight chance of a rain shower. High near 60F. Winds light and variable.. Tonight A few clouds from time to time. Slight chance of a rain shower. Low 38F. Winds light and variable. Updated: April 18, 2021 @ 12:54 am