Market participants are girding for probably the biggest trading event of the year next Friday, as FTSE Russell stages the final reconstitution of its indexes, and trillions of dollars in investments could be influenced by the event that will reflect a wild trading year marked by the pandemic and the "meme" stock craze. On the last Friday every June, FTSE Russell refreshes the components in its range of indexes, such as the Russell 2000 index of small-cap stocks and Russell 1000 index of large-cap names. Together they make up the Russell 3000 index.
Yahoo Finance's Alexandra Canal breaks down the latest box office expectations as new data points to improvement in AMC's recovery
Do you think you can use the activity on stock discussion boards to find the next hot meme stock, and send your portfolio "to the moon"? Traders who search discussion boards such as WallStreetBets on Reddit for clues to find the next hot stock before it pops may be disappointed today to learn that while the popular AMC Entertainment Holdings (NYSE: AMC) ticker is climbing 4.3% as of 11 a.m. EDT, and Clean Energy Fuels (NASDAQ: CLNE) is up 9.6%, the even more popular GameStop (NYSE: GME) ticker is sliding 3.4%. This is kind of the opposite result from what you'd expect, if you base your stock trading on what the discussion boards are telling you.