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Dow Jones Futures: GME Stock Rockets On Elon Musk Tweet; Microsoft, AMD, Palantir Are Key Movers

DerekJohnsonDerekJohnson Administrator, Swaye's Wigwam Posts: 60,143
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edited May 2022 in Tug Tavern
https://investors.com/market-trend/stock-market-today/dow-jones-futures-gme-stock-rockets-on-elon-musk-tweek-microsoft-amd-palantir-key-movers-stock-market-rally/
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    creepycougcreepycoug Member Posts: 22,749
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    Tesla CEO Elon Musk kept GameStop (GME) frenzy going overnight, tweeting out "Gamestonk!!" in reference to the Reddit-led mass short squeeze. GME stock skyrocketed more than 40% overnight in still-massive trade. That's after soaring 93% to 147.98 in Tuesday's session, a record close. GME stock hit an intraday all-time high of 159.18 on Monday. GameStop is up 685% already this year.

    The crazy keeps getting crazier. Hopefully Musk isn't in it himself. The SEC has already been on him for tweet-fueled market manipulation, although of his own company's stock.

    On the one hand, he's allowed to say things publicly and express .... whatever. But if he's in the stock himself, the Commission might see it differently.

    Still, this thing took off long before Musk's tweet.

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