Biz/Tech

Tech stocks set to rally as GameStop fever dies down

By CNN Newsource

Published February 3, 2021 7:29 AM

U.S. stocks started the day mixed on Wednesday. Investors have moved on from GameStop (GME) mania to focus on tech earnings and the big news of Amazon (AMZN) CEO Jeff Bezos stepping down.

Amazon stock opened 1.4% higher. GameStop, meanwhile, rose 22%.

Meanwhile, the ADP employment report showed much better-than-expected job gains for January, which could bode well for Friday’s government jobs report, even though the two aren’t correlated.

The Dow opened 0.2%, or 68 points, lower.
The S&P 500 kicked off 0.3% higher.
The Nasdaq Composite rose 0.8%.

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