* U.S. markets rise on weak manufacturing activity; Asian markets rise on stronger manufacturing activity 🇺🇸 S&P 500: 0.12% 📈 🇺🇸 Nasdaq: 0.56% 📈 🇪🇺 Stoxx 600: 0.33% 📈 🇯🇵 Nikkei 225 Index: 1.13% 📈 🇭🇰 Hang Seng Index: 1.79% 📈 🇨🇳 CSI 300 Index: 0.25% 📈 * U.S. markets were broadly higher on Monday, with the S&P 500 and Nasdaq Composite rising 0.1% and 0.6%, respectively, as weak manufacturing data raised expectations for a rate cut. * U.S. manufacturing activity slowed for a second consecutive month in May, with new goods orders falling the most in nearly two years to 48.7, compared with expectations for a rise to 49.8, but the input inflation gauge fell from its highest level since mid-2022 . * Asia-Pacific stocks broadly ended higher, with the Hang Seng Composite Index and the CSI 30
$GameStop(GME)$ shares more than doubled after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the game retailer.Other stocks favored by retail traders also got a boost. AMC Entertainment Holdings Inc. rose as much as 36% in premarket trading, while SunPower Corp., Beyond Meat Inc., BlackBerry Ltd. and Reddit Inc. were also stronger.Have you ever invested in meme stocks? Let us know if you have invested in any meme stocks such as $AMC Entertainment(AMC)$, $GameStop(GME)$ , $Faraday Future Intelligent Electric Inc.(FFIE)$ ,
🌟🌟🌟The markets are abuzz with news that that Spot Bitcoin ETF would be approved by the SEC soon. Bitcoin surged strongly to hit almost USD 35,000, making this its highest point in almost 18 months and more than double the price seen at the start of 2023. The price of Bitcoin surged to new highs following October 23 surprise appearance of Blackrock's spot Bitcoin ETF IBTC on the Depository Trust and Clearing Corporation (DTCC) website after disappearing for a few hours yesterday. All this excitement has resulted in a ripple effect for Bitcoin Miners which are seeing a jump in their share prices. $iShares Blockchain and Tech ETF(IBLC)$ tracks an index of global companies that are involved in the development, innovation and util
Let’s check the small-cap stock movers yesterday. $Marvell Technology(MRVL)$, $Gap(GPS)$ and $Ralph Lauren(RL)$ rose around 10% after they posted stellar earnings.1. $Marvell Technology(MRVL)$ jumped 16.74% as it topped estimates for EPS and revenueMarvell Technology jumped 16.74% after the semiconductor producer beat analysts’ expectations for its first quarter.Marvell notched 31 cents in adjusted earnings per share on $1.32 billion in revenue, while analysts polled by Refinitiv estimated 29 cents per share and $1.3 billion in revenue.The company also said revenue growth should accelerate in the second half of the fis