The GameStop phenomenon rippled through markets to start the week, most notably sparking a surge in silver markets.
Futures in the precious metal rose sharply early Monday after users on Reddit’s WallStreetBets forum posted about executing a short squeeze similar to ones credited with fueling recent gains in other stocks popular on the internet. GameStop and AMC shares continued rising in premarket trading early Monday after their stunning gains last week.
Meanwhile, the broader market is regaining its footing, with index futures and markets in Europe and Asia trading higher. Markets remain on guard for rapid jumps in shorted stocks, which can force investors to sell assets elsewhere, a dynamic that dragged Wall Street to its worst week since October.
Online brokerage Robinhood Markets late Sunday lifted restrictions on a few of the most popular stocks and options contracts that had been roiling markets.
There are lots of fresh stories that break down the latest moves. Some highlights:
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