Short-term volatility: A man walks past a GameStop store in New York. Several market analysts say the GameStop effect may be no more than a blip on the radar screen in the longer term. ─ Reuters
NEW YORK: As the trading frenzy in GameStop Corp shares and other social media favourites recedes, investors are eyeing signs of potential market stress that could weigh on broader stock performance in coming weeks.
For now, US equities appear to be looking past last week’s surge in volatility that led the S&P 500 to its biggest weekly decline since October. Solid earnings, fiscal stimulus expectations and progress in country-wide vaccination efforts are leading stocks back to all-time highs.
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