Dow Jones Loses Momentum Just Before Inflation Data Announcement

Monday, 13 May 2024, 20:32

The Dow Jones Industrial Average concluded its eight-session winning streak with a 0.2% decline, with investors on the edge awaiting the latest inflation figures. GameStop witnessed a surge in its shares igniting a new wave of meme-stock hype.
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Dow Jones Loses Momentum Just Before Inflation Data Announcement

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.


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