US stocks end the session mixed. Nasdaq higher. Dow lower. S&P near unchanged

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The major US stock indices are ending the session with mixed results.

  • The Dow industrial average snaps its longest streak of 2024 at eight consecutive up days. The index closed down by -81.28 points or -0.21% at 39431.57.
  • The S&P index also closed marginally lower by -1.28 points or -0.02% at 5221.41
  • The NASDAQ index rose by 47.37 points or 0.29% at 16388.24.

The small-cap Russell 2008 out a small 2.34 point gain or 0.11% at 2062.12.

US yields are ending marginally lower.

  • 2 year 4.863%, -0.5 basis points
  • 5 year 4.503%, -1.4 basis points
  • 10 year 4.484%, -2.0 basis points
  • 30 year 4.626% -2.0 basis points

Meme stocks including AMC and GameStop took center stage after Roaring Kitty got the market in an uproar after tweeting for the first time in 3 year. Please say it isn’t so.

Already, it is being reported that someone bought enough out-of-the-money call options expiring on May 17 with a strike of $25 (the stock closed on Friday at $17.46) to take $27K to 2M. SMH

AMC shares rose 79.73% while GameStop rose 74.46%.

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