Dow Jones Loses Momentum Just Before Inflation Data Announcement
Monday, 13 May 2024, 20:32
Overview:
The Dow Jones Industrial Average ended its eight-session winning streak by slipping 0.2% as investors prep for upcoming inflation data. GameStop experiences a notable surge amidst renewed meme-stock enthusiasm.
Implications:
- Market Reaction: The Dow's stumble hints at investor caution preceding crucial economic data.
- GameStop Rally: The stock registers significant gains in the midst of meme-stock resurgence.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.