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Cole, Wiz Khalifa, Bruno Mars, Willow Smith and Miguel. ed Best New Artist nominees include J. Chris Brown scores two nominations in Best Collaboration for “Deuces” featuring Tyga and Kevin McCall and “Look At Me Now” featuring Busta Rhymes and Lil ET, the Dow Jones Industrial Average rose 168.01 points, or 0.53%, to 31,970.45, the S&P 500 gained 57.06 points, or 1.49%, to 3,878.41 and the Nasdaq Composite gained 399.55 points, or 3.17%, to 13,008.71. Without any guidance, you can certainly get overwhelmed by the situ s.
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Stocks then moved back up and ended the day at $265, a 7% increase for the day. GameStop shares spiked Wednesday, reaching $348 apiece, only to come crashing down to $172 each early in the afternoon, causing multiple halts in trading of the stock due to volatility. The SEC and FINRA say they are evaluating changes to the rules regarding the practice. Traders on Reddit bought GameStop stock and increased its share price, leading to a “short squeeze,” when hedge funds that bet against the retailer were forced to buy the stock in order to avoid large losses.
Elizabeth Warren, a Democrat from Massachusetts, said Tuesday she received responses from the Security Exchange Commission and the Financial Industry Regulatory Authority about the role hedge funds played in GameStop stock price surge in January. One reason the Reddit community began buying the retailer’s shares was due to a large number of short sells, which is a bet investors do when they think a stock will go down.
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