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Dow leads declines on Wall Street as value stocks take a hit

Dow leads declines on Wall Street as value stocks take a hit
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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Wall St vs Main St fight quashes hedge funds as GameStop extends rally

GameStop, other retail darlings dented after Reddit group briefly shuts doors
Reuters
1/27/2021
© Reuters/CARLO ALLEGRI
A GameStop is pictured in New York
By Sagarika Jaisinghani, Medha Singh and Svea Herbst-Bayliss
(Reuters) - A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday after moderators of a stock trading forum that has helped fuel massive rallies in the shares of GameStop temporarily closed its doors.
Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only. They pared those losses around an hour later, when the forum opened back up. ....

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GameStop rally quashes hedge funds, brings calls for scrutiny

The sharp short squeeze saw funds selling long positions in stocks to pay for the losses, which sparked a 1% slide in Wall Street’s main indexes ....

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Wall Street vs Main Street fight quashes hedge funds as GameStop keeps rallying

7 Min Read
(Reuters) - A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday after moderators of a stock trading forum that has helped fuel massive rallies in the shares of GameStop temporarily closed its doors.
Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only. They pared those losses around an hour later, when the forum opened back up.
“We have grown to the kind of size we only dreamed of in the time it takes to get a bad night’s sleep. We’ve got so many comments and submissions that we can’t possibly even read them all, let alone act on them as moderators,” read a message from the group’s moderators after Wallstreetbets reopened. ....

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