Super League Gaming Moves Higher Stock Market Drops on Powell's Talk | $SLGG $GME $AMC $SPY $QQQ
Thursday March 4th, 2021
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Major indices closed significantly lower following Federal Reserve Chair Jerome Powell’s talk with the Wall Street Journal. Powell spoke to ease investors fears, but the opposite effect took place as a large sell off occurred during his speech as the 10 year Treasury yield ran above 1.5%, sending stocks lower. The Nasdaq officially crosssed into correction territory, closing 10% below its all time high. The $QQQ etf managed to hold the $300 level however. The S&P 500 closed down 1.4%, Dow down 1.1%, and the Russell 2000 down 2.8%. Super League Gaming’s momentum continued as it pushed higher today, moving into the $9s before touching $9.65 after hours before quickly selling off back into the upper $7 area. Gamestop pushed higher at 1130 am pst on high volume and closed above $130. Could Gamestop push higher tomorrow to close the week? AMC had a quick surge higher following GME’s momentum but closed down 6% on the day.
Tickers in this video:
Super League Gaming $SLGG (00:54)
Gamestop $GME (03:45)
AMC Entertainment (05:57)
CBOE Market Volatility Index $VIX (07:12)
SPDR S&P500 ETF Trust $SPY (08:16)
Invesco QQQ Trust ETF $QQQ (12:21)
#STOCKMARKETCORRECTION #STOCKMARKETCRASH #FEDCHAIRMANPOWELL #SLGG #AMC #GAMESTOP #QQQ #SPY #VIX
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