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.

Continue Reading Below

TickerSecurityLastChangeChange %
GMEGAMESTOP CORP115.00-110.01-48.89%
Powered by

Other heavily shorted names are set to fall in sympathy including Bed Bath and Beyond, Naked Brands and Express.

TickerSecurityLastChangeChange %
BBBYBED BATH & BEYOND INC.25.95-4.30-14.23%
NAKDNAKED BRAND GROUP0.86-0.56-39.43%
EXPREXPRESS INC.3.42-1.58-31.60%
Powered by

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.

Photo credit: iStock

For the latest updates follow the FOX Business live page. Mobile users click here.

Source: Read Full Article