Netflix is already making a WallStreetBets and GameStop movie
March 10 (Reuters) - The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer prices data for February calmed inflation worries and legislators gave final approval to one of the largest economic stimulus measures in U.S. history. Earlier, Deadline reported that MGM had snapped up the rights to a proposal for a book written by Ben Mezrich -- the same author who wrote the book The Social Network was adapted from. Michael DeLuca was a producer on the David Fincher film and, according to Deadline, this new project will pair him with Mezrich once more.
At one point, the Reddit users from the forum r/WallStreetBets sent the stock up more than 14,300%, though it's gone through wild fluctuations. The Reddit users want the price to rise even more, as they wage an epic battle against Wall Street. They've spread their strategy to struggling movie chain AMC and tech company BlackBerry, too. It hasn't stopped there. A rotation into sectors such as energy and financials continued, both in small- and large-cap stocks, as investors bet on consumer spending when the U. If you cherished this article and you also would like to collect more info concerning ทางเข้า bk8 generously visit our internet site. S.
economy reopens and sold the big tech names that have fueled the rally since last March. March 8 (Reuters) - Hedge fund manager David Tepper said it is difficult to be bearish on stocks at present and the recent selloff in U.S. Treasuries that drove up interest rates is over, CNBC reported on Monday, citing an interview with the billionaire. The major market risk has been removed, Tepper told CNBC, and rates should stabilise in the near term. website Government stimulus and a countrywide coronavirus vaccination program have fueled expectations of an economic rebound in the United States, pushing Treasury yields higher in recent weeks.
ET (1941 GMT), the Dow Jones Industrial Average rose 531.85 points, or 1.67%, to 32,364.59, the S&P 500 gained 33.96 points, or 0.88%, to 3,909.4 and the Nasdaq Composite added 22.29 points, or 0.17%, to 13,096.11. The Senate Banking Committee held a hearing Tuesday to discuss recent GameStop volatility and the "gamification" of trading by popular investing apps like Robinhood. There are concerns that zero-commission brokers contribute to the volatility of the market and give inexperienced people access to risky trading options. Hopes of more fiscal support and signs of faster economic growth on speedy vaccine rollouts had lifted Wall Street's main indexes to record highs last month, but worries that rising inflation could result in a sudden tapering of monetary stimulus have now prompted investors to dump equities.
One of the biggest stories of the year is barely a week old, but Hollywood is already calling. Two movies, including one from Netflix, are reportedly in the works to cover the story of the anti-establishment Redditors who trolled Wall Street. Since the yield surge began in mid-February, the Russell 1000 growth index has fallen 7.