AMC Soars Another 24%

AMC (AMC) is up another 15% today as the meme stock craze continues. At one point, AMC was up over 24% today. GameStop (GME) is also doing well.

The overall market is down a bit but only by about 0.2%. The S&P 500 isn’t far from a new all-time high. The highest close was 4,232.60 from May 7.

There’s not much in the way of economic reports today although we’ll get the CPI reports later this week. There are a few items I wanted to pass along. The FDA approved a new Alzheimer’s drug from Biogen. This is newsworthy because it’s the first such drug in 20 years.

FactSet (FDS) has an interesting piece. They say that more than 30% of companies in the S&P 500 cited ESG on their earnings calls. I see that the Peru ETF (EPU) is down 6.3% after a very close presidential election.

Posted by on June 7th, 2021 at 11:24 am


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