Wall Street Week Ahead: GameStop Frenzy Reveals Potential for Broader Market Stress

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As the trading frenzy in GameStop Corp shares and other social media favorites recedes, investors are eyeing signs of potential market stress that could weigh on broader stock performance in coming weeks. For now, U.S. equities appear to be looking past last week’s surge in volatility that led the S&P 500 to its biggest weekly decline since October. Solid earnings, fiscal stimulus expectations and progress in country-wide vaccination efforts are leading stocks back to all-time highs. The S&P 500 and NASDAQ posted records for a second straight session on Friday.
Some investors, however, worry that the wild swings in GameStop and other “meme stocks” may have exacerbated concerns over market volatility and elevated valuations that could make market participants more risk-averse.

Source: https://www.reuters.com/article/us-usa-stocks-weekahead/wall-street-week-ahead-gamestop-frenzy-reveals-potential-for-broader-market-stress-idUSKBN2A52L1


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