Robinhood's website showed that the trading limit on GameStop's shares was set at 500, while for AMC the limit was set at 5,500 shares
Analysts at Barclays Capital wrote that the GameStop episode is "a wake-up call that is likely to permanently affect the business models of institutional investors
Dow up 1.1%, S&P 500 up 1.1%, Nasdaq up 1.2%
Wall Street's main indexes opened higher, as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested the labor market was stabilizing.
Robust buying in shares of ITC, Kotak Mahindra Bank, State Bank of India, Bajaj Finance, ICICI Bank, and M&M helped the benchmark S&P BSE Sensex scale fresh lifetime peak of 50,687.51 level
The so-called "Reddit rally" cooled again in after hours trade, as GameStop and AMC Entertainment, the main targets hyped on investment forums, fell
Here are the top BS Opinions of the day
Alphabet jumped 7.3% as it benefited from lockdowns that drove retail and other advertisers online
The problem with treating the GameStop saga as an Occupy Wall Street movement 2.0 is that it ignores some fundamental differences
The Nifty Pharma index edged up 3 per cent, followed by gains in the Nifty PSB index (up 2.3 per cent), and the Nifty Pruvate Bank index (up 2 per cent)
Ten of the 11 major S&P sectors advanced, with economy linked energy, financial and industrials gaining the most
The Sensex index reclaimed the 50,000 level in intra-day deals and hit a high of 50,154
The capital raised would be separate from the $3.4 billion in financing that Robinhood announced on Monday it had secured from its investors since Jan. 29
Wall Street's main indexes opened higher on Monday
All that happened in the markets today
Some of Wall Street's largest hedge funds are still licking their wounds after retail traders sought to drive up the prices of stocks that were heavily bet against
Here's a selection of Business Standard opinion pieces for the day
The GameStop saga has opened up a new frontier of anger against the financial elites. It is Occupy 2.0 with a big difference
Here's a selection of Business Standard opinion pieces for the day
FPIs sell Rs 5,931 crore on Friday, most since March