Wall Street experienced another notable day with the bulls driving the market upward, fueled by expectations of the Federal Reserve’s rate cuts in September. The Dow Jones Industrial Average had its best session since late May, soaring by 1.85% to close at 40,954.48. Meanwhile, the S&P 500 saw a slight increase, ending the day up nearly 0.6% at 5,667.20. The Nasdaq also climbed, rising 0.2% to finish at 18,509.34.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
GameStop Corp GME
GameStop shares closed the day with a 5.70% increase at $28.54, with an intraday high of $28.83 and a low of $27.37. The stock has been trending across various social sites as traders continue to discuss a potential repeat of the historic meme stock short squeeze of 2021.
Meta Platforms Inc. META
Despite positive analyst coverage, Meta Platforms shares fell by 1.28% to close at $489.79. The stock hit a…
