Tuesday, February 20

GameStop is Skyrocketing on Wall Street Again

The share of game retailer GameStop shot off Friday at the start of trading on Wall Street. This, after previously imposed restrictions on trading the share, was lifted.

 

The gauges in New York started the trading session in a minor key. In doing so, they followed the example of Europe.

AMC Entertainment won 66 percent. The fast-paced price gave investor Silver Lake an excellent time to convert $ 600 million in debt into shares. Due to the corona crisis, the chain is in financial trouble because cinemas are either closed or open under strict conditions.

Johnson & Johnson (J&J) lost nearly 3 percent in the opening minutes. The corona vaccine developed by J&J by pharmaceutical company Janssen from Leiden offers 66 percent protection against the coronavirus. The percentage is considerably lower than with other means.

Furthermore, the attention on Wall Street went to General Motors. By 2035, the automaker only wants to sell new cars that do not emit harmful exhaust gases. The company also intends to contribute to building the charging infrastructure. GM stock lost 1.6 percent.

The leading Dow Jones index lost 1.3 percent to 30,216 points in early trading, and the broad S&P 500 dropped 1.1 percent to 3,744 points. Tech gauge Nasdaq lost more than 1 percent to 13,196 points.

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