Broad U.S. stock futures were quiet early Wednesday ahead of a Federal Reserve meeting, but below the surface a fresh frenzy broke out among meme stocks popular with individual investors.
Futures tied to the S&P 500 and the Dow Jones Industrial Average each edged down 0.1% Wednesday, while technology-heavy Nasdaq-100 futures inched up 0.1%. On Tuesday, the Dow closed above 36000 for the first time, while the other two indexes also set record highs.
Broad U.S. stock futures were quiet early Wednesday ahead of a Federal Reserve meeting, but below the surface a fresh frenzy broke out among meme stocks popular with individual investors. Futures tied to the S&P 500 and the Dow Jones Industrial Average each edged down 0.1% Wednesday, while technology-heavy Nasdaq-100 futures inched up 0.1%. On Tuesday, the Dow closed above 36000 for the first time, while the other two indexes also set record highs.