Stock market news live updates: Stock futures open flat; GameStop, AMC shares surge
Stock futures opened little changed on Wednesday, steadying following a rebound rally earlier in the day.
During the regular session, the Dow rallied 1.4% to reach a record closing high. Though cyclical and value stocks maintained their leadership position, tech stocks also recovered some recent losses, and the Nasdaq rose for the first time this week by nearly 1%.
Meanwhile, shares of GameStop (GME) extended gains in late trading after more than doubling during the regular session, after retail investors on Reddit took the news of Chief Financial Officer Jim Bell’s resignation as a signal of a possible positive turnaround for the company. Shares of AMC (AMC), another speculative darling of vocal retail traders on Reddit, also rallied.
U.S. Treasury yields steadied near one-year…