Stock market today: Stocks slide amid weak manufacturing data, GameStop rallies after return of 'Roaring Kitty'
How did the Dow Jones Industrial Average fare compared to the Nasdaq Composite on the same day?
On the given trading day, the Dow Jones Industrial Average (DJIA) and the Nasdaq Composite showed mixed performance. The tech-heavy Nasdaq Composite (^IXIC) finished the day in positive territory, up about 0.6%, after flip-flopping throughout the trading session. In contrast, the Dow Jones Industrial Average (^DJI) recovered from steeper losses to shed more than 100 points, or around 0.3%. This indicates that the Nasdaq Composite outperformed the Dow Jones Industrial Average on that day.
What was the performance of the Nasdaq Composite on the first trading day of June?
On the first trading day of June, the tech-heavy Nasdaq Composite (^IXIC) finished the day in positive territory, up about 0.6%, after flip flopping throughout the trading session.
How significant was the surge in GameStop shares, and what triggered this increase?
The surge in GameStop shares was quite significant, with the stock rising as much as 75% earlier on Monday. This increase was triggered by a post from Keith Gill, also known as "Roaring Kitty," who revealed a $116 million bet on the company. His post on Reddit marked his first activity in three years, and it sparked renewed interest in GameStop, leading to a surge in its share price.