GME - NFP Shocker Fails To Crimp Risk-Taking
Stock markets had a mixed week, shrugging off a shocking miss by the non-farm payrolls report for April. The Dow Industrials (DJI) set record highs but technology stocks lagged. At the time of this writing, the Dow was up about 2.7% for the week, with the Nasdaq Composite (COMP) off about 1.5%. The S&P 500 (SP500) is up about 1.3% while the Russell 2000 (RTY) is down about 0.4%. Commodities and gold (GLD) did well this week, with the precious metal up almost 4%. Bitcoin (BTC) added about 1.5% this week. Winners & Losers Technology stocks and meme names were the major losers. Shares of Peloton Interactive (PTON) are down 15% this week after the company agreed to a treadmill recall and then posted a quarterly loss. PTON shares recovered some ground today (Friday) but then sold off again later in the session. While crypto currencies had a strong week,
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NFP Shocker Fails To Crimp Risk-Taking