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The mixed performance comes after the indexes posted sharp gains on Wednesday, with the Dow up over 700 points to mark the best trading day since a euphoric post-election rally in November.
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Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia.
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All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
[5] StockTwits utilized "cashtags" with the stock ticker symbol, similar to the Twitter hashtag, as a way of indexing people's thoughts and ideas about a company and the stock. [6] Cashtags were eventually adopted by Twitter itself in 2012. [7] [8] StockTwits received the first Shorty Award in the 2008 finance category. [9] [10]
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A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.