LIVE Updates: GameStop, AMC get crushed as S&P, Dow jump
What will Washington accomplish in GameStop trading hearings?
Portfolio Wealth Advisors CIO Lee Munson and former congressional investigator Sam Dewey comment on what’s to come following Wall Street’s short selling frenzy.
GameStop shares are set to fall another double-digits when the market opens Tuesday after tumbling over 30% in the prior session.
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Other heavily shorted names are set to fall in sympathy including Bed Bath and Beyond, Naked Brands and Express.
|BBBY||BED BATH & BEYOND INC.||25.95||-4.30||-14.23%|
|NAKD||NAKED BRAND GROUP||0.86||-0.56||-39.43%|
As for silver, late Monday, the CME announced it will raise trading margins at the close of business Tuesday as a "normal review of market volatility to ensure adequate collateral coverage" after the metal posted its best one day percentage gain since March 2009.