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US: Stocks extend gains

Read more about US: Stocks extend gains on Business Standard. At the close of trade, the Dow Jones Industrial Average index advanced 475.57 points, or 1.57%, to 30,687.48. The S&P 500 index increased 52.45 points, or 1.39%, to 3,826.31. The tech-heavy Nasdaq Composite Index increased 209.38 points, or 1.56%, ....

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GameStop, a tulip by another name, raises caution

NEW YORK: It sounds like the start of a parable: Investors stuck inside during a pandemic begin to bid up an asset until its price becomes untethered to reality. ....

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Indians Are Finding a Strange Harshad Mehta Connection to GameStop Stock Surge by Reddit

Did Reddit Do a Harshad Mehta? Indians Find Scam Connection to GameStop Stock Surge
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Did Reddit just do a Harshad Mehta?
GameStop’s stock fiasco has left the entire world in a tizzy. While most are still trying to wrap their heads around what actually unfolded in the past few days, desis are likening the event to 1992 s Indian stock market scam that involved the infamous stockbroker Harshad Mehta.
GameStop, a struggling video game retailer’s stock has been making stupefying moves this month, wild enough to raise concerns from professional investors on Wall Street to the hallways of regulators and the White House in Washington. ....

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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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