Breaking News | AMC(+95%), GameStop(+72%), Plug Power(+42%), Tencent Holdings ADR(5%), While Alibaba(-7%)
As of the time of writing, the three major indices saw modest gains, with the Dow Jones Industrial Average $Dow Jones Industrial Average DJI$ up by 0.25%, the S&P 500 $S&P 500 index SPX$ up by 0.17%, and the Nasdaq Composite $NASDAQ IXIC$ up by 0.17%.
Among the tech stocks, there were mixed movements, with Tesla $Tesla Motors, Inc. TSLA$ rising by over 2%, Apple $Apple Inc. AAPL$ increasing by nearly 1%, and Nvidia and Amazon dropping by nearly 1%.
Stocks associated with the WallStreetBets (WSB) concept continued to soar, with AMC Entertainment $AMC Entertainment Holdings, Inc. Class A AMC$ rising by over 95%, GameStop $GameStop Corp. Class A GME$ increasing by nearly 72%, and BlackBerry $BlackBerry Limited BB$ gaining 17%.
Alibaba $Alibaba Group Holding Ltd. Sponsored ADR BABA$ dropped by nearly 7% after reporting a fourth-quarter revenue of 221.874 billion yuan, a 7% increase year-over-year.
Plug Power $Plug Power Inc. PLUG$ surged by over 42% after the company received a conditional commitment from the US Department of Energy to provide loan guarantees of up to $1.66 billion for the construction of six green hydrogen production facilities.
Tencent Holdings ADR $TCEHY rallied, rising by over 5%, after reporting an adjusted net profit of CNY50.265 billion in the first quarter, a 54% year-over-year increase.
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