Wall Street languid as ‘meme stock’ frenzy hogs spotlight

Published by
Reuters

By Stephen Culp NEW YORK (Reuters) – Wall Street stocks wavered near the starting line on Tuesday as a lack of clear market catalysts kept institutional investors on the sidelines, while retail traders kept the rally of so-called meme stocks alive. All three major U.S. stock indexes were little changed, with the S&P and the Dow hovering within 1% of their record closing highs. The tech-laded Nasdaq fared best, with Amazon.com Inc and Apple Inc providing the biggest boost. The CBOE volatility index, a measure of investor anxiety, touched its lowest level in over a year. “Investors are taking a …

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