Tag: stonks
Social media bots may have fuelled the GameStop stock frenzy
The GameStop stock frenzy appears to largely have been the product of Reddit users and trading apps like Robinhood, but some of its contributors might not have been human. According to Reuters, cybersecurity firm PiiQ Media has determined that people… Source
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Robinhood limits users to a single share of GameStop and other stocks
Robinhood has detailed its latest step in the complex quagmire of market manipulation that is this week’s GameStop hedge fund Reddit army debacle. Users will for the present be limited to holding a single share of GameStop and dozens of other stocks. Several stocks were limited to five shares, and…
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Stocks rise following yesterday’s sharp rally
After a sharp Monday rally seemingly built on optimism that the impact of the global pandemic may have reached its zenith in Europe — and indeed that the United States might see a lower infection and mortality peak than some anticipated — shares once again rose this morning. Here’s how…
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Stocks drop as unemployment spikes
Stocks fell in regular trading Friday, as all major American indices fell in the wake of a broadly negative jobs report. With more than 700,000 jobs lost in the March data, unemployment in the United States rose from 3.5% to 4.4%. The markets have been bracing for widespread job losses…
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U.S. markets shrug off record unemployment numbers as tech shares rise
Despite reports of historic unemployment with roughly 6.6 million Americans filing for unemployment, domestic stocks rose during regular trading today. One day after grim estimates on the potential death toll from the COVID-19 epidemic in the US sent stocks tumbling and amid a continuing economic fallout from the government’s response…
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Stocks fall sharply as U.S. government warns of hard weeks ahead
A recent redbound in domestic equity prices faded further into the distance today, as American stocks fell for a second consecutive day following modest Tuesday declines. After rising from new 52 week lows, all domestic indices after the American president warned of difficult weeks ahead as the country reels from…
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