Reddit

Wednesday

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Meme stocks, including Reddit (NYSE: RDDT), Trump Media &amp; Technology Group (NASDAQ: DJT), AMC Entertainment Holdings (NYSE: AMC), and GameStop (NYSE: GME), experienced significant declines on Wednesday following the release of the <a href="https://www.bls.gov/news.release/cpi.toc.htm" target="_blank" aria-label="March Consumer Price Index (CPI) report (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">March Consumer Price Index (CPI) report</a>. <br><br>The S&amp;P 500 Index (<a href="https://tokenist.com/the-bull-and-bear-case-for-spx-in-2024/" rel="noopener noreferrer nofollow" class="deco-link">SPX</a>) also retreated amidst growing economic uncertainties and investor anxiety over inflation figures.</p>
<h3 id="shares-of-reddit-djt-amc-and-gamestop-continue-to-dip">Shares of Reddit, DJT, AMC, and GameStop Continue to Dip</h3>
<p>At the time of writing, Reddit’s stock, which has been volatile since its <a href="https://tokenist.com/reddits-upcoming-ipo-upsides-and-downsides/" rel="noopener noreferrer nofollow" class="deco-link">IPO</a>, faced a 5.36% drop, with shares trading at $42.59. Similarly, <a href="https://tokenist.com/trump-media-technology-group-djt-stock-tumbles-amid-legal-troubles/" class="deco-link" rel="noopener noreferrer nofollow">DJT shares</a> saw a sharp decline of 6.89%, closing at $34.89, underperforming relative to the initial hype it received. <br><br>AMC Entertainment Holdings and GameStop, two of the most prominent <a href="https://tokenist.com/investing/meme-stocks/" rel="noopener noreferrer nofollow" class="deco-link">meme stocks</a> from the previous year’s trading frenzy, also experienced significant losses. AMC’s stock price dropped by 4.55% to $2.8350, now 99% below its all-time high, while GameStop’s stock closed at $10.89, down by 1.09%, well below its previous highs.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="march-cpi-print-spooks-investors-spx-drops-over-1">March CPI Print Spooks Investors; SPX Drops Over 1%</h3>
<p>The March CPI report indicated that consumer prices rose by <a href="https://tokenist.com/inflation-persists-as-consumer-price-index-rises-in-march-up-0-4/" rel="noopener noreferrer nofollow" class="deco-link">0.4%</a>, contributing to ongoing inflation pressures. <br><br>Significant impacts were noted in sectors such as housing and utilities. Year-over-year inflation remains concerning, prompting expectations of tighter monetary policy responses from the Federal Reserve. The broader market, represented by the S&amp;P 500 Index, retreated by 62.01 points, or 1.19%, to close at 5147.90.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em><br></p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/meme-stock-rout-continues-as-inflation-report-spooks-investors/">Meme Stock Rout Continues as Inflation Report Spooks Investors</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Meme Stock Rout Continues as Inflation Report Spooks Investors

目次

Tokenist

2024年4月10日公開の他の記事

Move-to-earn protocol StepN announces $30M airdrop for users

Polygon – Unpacking what execs are saying about MATIC, EIP-4844

8 Best Free Bitcoin Cloud Mining Sites in 2024-Earn Passive Income!

US CPI Comes In Hot: What This Means For Bitcoin And Crypto

Jupiter DEX Exposes Rampant Spam Bot Assault Amid Solana Congestion

Ava Labs CEO Says Crypto Industry Is “Incredibly Undervalued” Because People Don’t Understand Its...

ニュースレターを購読して暗号資産の最新情報を毎日入手！