Dow Jones Futures: Market Rally Eyes Inflation Data; GME Stock Falls On Share Sale Plans As RH Earnings Surge
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Summary:
Dow Jones futures and S&P 500 futures edged higher Thursday morning, while Nasdaq futures declined modestly. The stock market rally fell slightly Wednesday, while Treasury yields touched recent lows ahead of key inflation data. GME stock, Signet and RH earnings were in focus.
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GameStop (GME), the original meme stock, topped Q1 earnings forecasts and named a new CEO and CFO late Wednesday, adding to its stable of former ex-Amazon.com (AMZN) executives. The company also said it plans to sell up to 5 million shares "at the market" and announced an SEC probe into the trading of its shares. GME stock fell overnight, but pared initial losses.
That followed a generally weak session for Reddit-fueled stocks. Clover Health (CLOV) reversed lower and AMC Entertainment (AMC), Wendy's ( ...