The three major U.S. stock indexes collectively opened higher, while GameStop fell more than 17%.
Golden Finance reported that the U.S. CPI fell back in April, and traders raised expectations for an interest rate cut by the Federal Reserve. The three major U.S. stock indexes collectively opened higher, with the Dow rising 0.37%, the Nasdaq rising 0.54%, and the S&P 500 rising 0.43%. WSB concept stocks weakened, GameStop fell more than 17%, and AMC Cinemas fell more than 11%. Vodafone rose more than 5% as the company launched a 500 million euro share buyback plan.
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