US equities struggle ahead of CPI as meme stocks fade

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US equities struggle ahead of CPI as meme stocks fade

S&P 500 -0.4%Nasdaq -1.2%Russell 2000 -1.7%DJIA -0.2%That's a fair amount of divergence. Small cap and tech stocks struggled badly while megacap h

  • S&P 500 -0.4%
  • Nasdaq -1.2%
  • Russell 2000 -1.7%
  • DJIA -0.2%

That’s a fair amount of divergence. Small cap and tech stocks struggled badly while megacap held up ok. Meme stocks exploded higher yesterday but struggled today:

  • GME -6.3%
  • AMC -6.3%
  • BBBY -14.2%
  • HKD -48%

A high CPI reading tomorrow will be a major challenge to the recent optimism in markets.

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