Stock Market Update
03-Jun-24 12:00 ET
GME, AMC pulled back from session highs as market declined
Dow -246.89
at 38439.43,
Nasdaq +55.76
at 16790.79,
S&P -7.95
at 5269.56
[BRIEFING.COM] The S&P 500 (-0.1%) and Dow Jones Industrial Average (-0.6%) trade near their worst levels of the day. The major indices are all trading in a lateral flow at this point.
Shares of GameStop (GME 29.49, +6.36, +27.6%) and AMC Entertainment (AMC 4.90, +0.57, +13.4%) are sharply higher after "Roaring Kitty" posted a screenshot showing a big position in GME. GME and AMC have each pulled back from session highs as the broader market declined. GME had been up as much as 75% earlier and AMC was up 31% at its high.
Separately, a sharp move lower in WTI crude oil futures ($74.37/bbl, -2.62, -3.4%) has contributed to the underperformance of the S&P 500 energy sector (-2.1%).
