Wall Street sees mixed trends as meme stocks soar

Global Stock Markets Mixed as US Inflation Data Anticipated

Wall Street’s trading week began with the market awaiting the US inflation data, expected to be published on Wednesday evening. Market analysts predicted an increase of 0.4% on a monthly basis and 3.4% annually.

Meanwhile, European stock markets closed in the red, with Britain’s FTSE and Germany’s DAX falling 0.2% each and France’s CAC closing down 0.1%. Wall Street saw a mixed trend, with the Dow Jones and S&P 500 weakening slightly after a positive opening, while the Nasdaq continued to rise by 0.2%.

Meme stock Gamestop jumped by an incredible 80% on Wall Street, sparking interest in other meme stocks like AMC and Reddit. Oil prices soared amid tensions in the Middle East, with Brent oil trading at $83.8 a barrel and American oil jumping to $79.4 a barrel. Bitcoin stood at $62,800 per coin, while Ether was traded at $2,960 per coin.

Early trading in New York saw Wall Street open higher with the Dow Jones and S&P 500 up by 0.3% each and the Nasdaq climbing by 0.4%. Meme stock Gamestop increased by over 54%, while other stocks like Aram, Intel, Tesla, and Dark showed varying changes. Bond yields in the US were falling slightly, with the two-year yield at 4.83% and the ten-year yield at 4.46%.

Asian stock exchanges showed a mixed trend after China released its inflation data for April. Japan’s GDP figures for Q1 were also expected to be published soon, with the Nikkei down by half a percent.

European markets saw declines strengthening as investors anticipated US inflation data that had been higher than forecasts in recent months.

The upcoming index was expected to show a return to moderation, with hopes for an annual rate of 3

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