GameStop and Nasdaq Surge Amid Broad Market Gains
TL;DR
US stocks fell on Monday due to weak manufacturing data, with the Nasdaq down 0.2%, the S&P 500 down 0.5%, and the Dow Jones down 1%. Bond yields also dropped, with the 10-year Treasury yield falling to 4.41%. GameStop shares surged over 100% at one point after a Reddit post by "Roaring Kitty" revealed a significant investment, sparking speculation of a meme stock rally. Oil prices fell as OPEC+ extended production cuts, and a technical glitch on the NYSE caused temporary volatility halts.
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