Gaming Stock Gets Reddit-Fueled Jolt

The Dow dropped 85 points

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Schaeffer's Market Recap
6/14/2021
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S&P 500, Nasdaq Kick Off Week With Record Highs


By: Lillian Currens

The Dow logged an 85-point drop on Monday, weighed down by anxieties surrounding the upcoming U.S. Federal Reserve meeting. Investors aren't expecting the two-day meeting to result in any major decisions, though the central bank's inflation rate forecasts could have a dramatic effect on the market's next move. The S&P 500 spent most of the day hovering just below the breakeven, before jumping to its third-straight record closing high within the final few moments of trading. The Nasdaq also hit a fresh record close, as the retreating 10-year Treasury signaled to some investors that it was time to buy back into Big Tech. 

Continue reading for more on today's market, including:

  • Corsair Gaming heads the ever-growing list of meme stocks. 
  • Analyst: Chipotle's hiked menu prices bode well for the stock.  
  • Plus, a 5G darling to watch; Oatly stock piques analysts' interest; RIDE rocked by C-suite shakeup. 
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